Can I have multiple 3a accounts?
In general, there is no limit on the number of pillar 3a accounts you can open.
The maximum of 4 is recommended, because you can start taking out your pension money 5 years before you retire. It’s smart to pay out only one pillar per year – because of taxes.
The way it works is that you have to pay taxes on the amount of your pillar 3a money that you withdraw . This varies from canton to canton, but it generally gets higher the more money you pay out. As these taxes apply per year, a split over 4 years makes sense.
One year is reserved for your pillar 2 payout. And if you split the withdrawal of your 3a accounts over the other 4 years, the money will definitely be taxed with a lower percentage. 🙌