I already use True Wealth's Pillar 3a and have paid in the maximum annual contribution. Now I want to transfer an additional amount from another provider to True Wealth. How does this affect the staggering of the accounts?
Transfers from other pension schemes are not split and end up in full in a new pension account with us. The funds are not paid into existing pension accounts.
If you have been a client of ours for some time and have paid into Pillar 3a for five years, you will have five pension accounts in the background. A transfer from another pension fund to us leads to the opening of a sixth pension account.
If you are a new client and have paid in the maximum amount for the first time, you will only have one pension account. A transfer from another pension provider would lead to the opening of a second pension account in the background. Over the years, ongoing payments lead to the filling of a third, fourth and fifth pension account.
This automatic staggering of accounts is free of charge and leads to the best possible distribution of your Pillar 3a pension assets.
From a client's perspective, you do not need to worry about these technical processes in the background. You have a holistic and clearly structured portfolio that is invested as according to your personal, customisable investment strategy.
More questions in "Pillar 3a"
Can’t find what you’re looking for?Contact us
Ready to invest?Open account
Not sure how to start? Open a test account and upgrade to a full account later.Open test account