How exactly does True Wealth's automatic account staggering work?

Over the years, we automatically open five pillar 3a accounts for you.

Assuming you activate pillar 3a with us and pay in regular annual contributions, the process is as follows:

One account is opened and funded each year until a total of five accounts have been opened. From the sixth year onwards, payments are made annually to the account with the lowest balance.

For each external transfer of pillar 3a, i.e., a transfer from another pension institution to us, a separate account is opened and maintained. These accounts are separate from the direct deposit accounts and cannot be replenished in the future. It is not possible to manually override this mechanism.

What happens when you make a withdrawal?

If you have paid into a 3a account with True Wealth for at least five years and have also made two external transfers, for example, you will have seven 3a accounts with True Wealth. When you make a withdrawal, you can decide for yourself which of these accounts you want to withdraw money from. Thanks to this division, you are flexible and can optimize the progression of the capital withdrawal tax on an individual basis.