Why is pillar 3a so important for me?
We explain what pillar 3a is and why a private pension makes sense for you.
We explain what pillar 3a is and why a private pension makes sense for you.
You might think you’re too young to worry about such things. But you’d probably like to remain independent and decide yourself how you’ll spend your retirement. Saving and investing in the frankly pillar 3a app should help you do just that – without much paperwork or effort.
Invest a few minutes of your time today so that you have optimum financial security in the future. You’ll see that it’s easier than you thought.
To help you understand what the third pillar is, we’ll give you a brief overview of the Swiss three-pillar pension system:
Your future retirement pension is based metaphorically on three pillars (the three-pillar principle), and it aims to ensure the security and quality of your life in retirement.
Unfortunately, pensions from the AHV (pillar 1) and pension funds (pillar 2) are often not sufficient to maintain people’s previous standard of living. This is known as the “pension gap”. It means that your future pension will probably only cover 60% of your current income. Pillar 3a is so important because it enables you to close this gap.
To be able to maintain your standard of living in old age, we recommend that you set up a pillar 3 account with frankly. In our pension calculator, we show you how much you can save.
frankly is rated as «very good» in the category «provider with the best performance over 5 years».
(Handelszeitung article from 29.11.2022)
You’ve already taken the first step because you’re here. In general, the earlier you start your pension plan, the fewer financial worries you’ll have when you retire.
At frankly, we recommend the following:
If you don’t have a pillar 3a account yet:
1. Download the frankly app for free, and set up a pillar 3a. It takes just a few minutes. To open an account, all you need is a smartphone and an ID card. Everything is done digitally – without any paperwork.
2. When you open your account, you choose your own investment strategy. You have little or no investment knowledge? Don’t worry. We’ll help you. You will be supported in your decision and can choose between five strategies (from security-conscious to opportunity-oriented) according to your personal risk tolerance.
3. You’ve done it! If you’ve successfully set up your frankly pillar 3a account, you can transfer your first pension contributions by selecting “+” -> “Pay in”.
Don’t worry – you’re under no obligation: In frankly you decide for yourself – deposits are possible from as little as CHF 1, and there is no minimum term.
Do you already have a pillar 3a account with another provider?
No problem.
1. You save on taxes
2. frankly opening in a few minutes
3. With as little as CHF 1
4. Simple & understandable – fully digital
5. Attractive yield opportunities through high-quality investment products
6. Radical pricing model
7. Our community discount
8. Safety & experience of Zürcher Kantonalbank
The earlier you start with your pension planning, the greater your financial leeway in the future. You can save more money over a longer period of time and pay less tax at the same time! It’s best to open a pillar 3a account as soon as you start working. The earlier the better. But even if you’ve been working for some time now, you can still pay into the third pillar up to five years after you reach AHV retirement age, provided you remain employed.
The only requirement is that you are gainfully employed in Switzerland and that you have an income subject to AHV contributions. You can see here how much you can pay in.
Ordinary withdrawal:
Early withdrawal:
Request the download link be sent to you by text message. Or scan the QR code to download frankly directly.
Start now with CHF 35 voucher* >
Knowledge
© Sparen 3 pension foundation of Zürcher Kantonalbank
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