Does True Wealth's staggered withdrawal system guarantee me a maximum tax deduction?
No. In general, instead of withdrawing the entire Pillar 3a capital in one tax year, it is often more tax-efficient to stagger the withdrawal over five years to break the tax progression. Our automatic staggering of the Pillar 3a capital withdrawal helps you to manage it more flexibly. However, True Wealth cannot guarantee that this division of the pension capital into several accounts will allow a maximum tax deduction at the time of the capital withdrawal.
However, tax practice on withdrawals of pension assets differs from canton to canton. For example, in addition to the direct federal tax, some cantons – but not all – also apply a progressive tax on lump-sum benefits from the pension scheme. The tax treatment of staggered withdrawals with regard to progression also varies from canton to canton. If necessary, enquire with your tax authority in good time. With our solution, we try to ensure you maximum flexibility of later lump-sum withdrawals, even if you do not yet know in which canton you will later withdraw your pension capital.