A person may continue to hold a 3a retirement savings account up to five years after reaching normal retirement age as long as he can prove each year that he is still gainfully employed. This can be done by a short written confirmation from his employer.

At the end of the month in which the account-holder turns 60 (men) or 59 (women), the 3a retirement savings account can no longer be transferred or split because, from this time, pension assets are no longer blocked.  Pension assets may be withdrawn without restriction (Article 3(1) BVV3/OPP3). The Swiss Tax Conference (SSK) examined this practice at the end of 2010 in its publication “Anwendungsfälle zur beruflichen Vorsorge“; Liberty Foundation for 3a Retirement Savings attaches great importance and is committed to the consistent application of these rules.

In certain cases, depending on a person’s individual financial situation, it might make sense to hold more than one 3a retirement savings account. Liberty Foundation for 3a Retirement Savings offers clients this option: a client may open up to five 3a accounts on our books.

Taxpayers who are members of a pension fund may pay up to CHF 6,739 in pillar 3a contributions in 2013; taxpayers who are not members of a pension fund may pay up to 20% of their AHV/AVS income up to a maximum limit of CHF 33,696.