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Glossary

Withdrawal at Retirement (Pillar 3a)

Withdrawal at Retirement (Pillar 3a) refers to the disbursement of accumulated 3a capital at the earliest five years before ordinary AHV retirement age, or at the latest upon cessation of gainful employment. The capital is paid out as a lump sum, taxed separately from other income at a preferential tax rate; a pension option is not available with most bank products.

At a glance

01

Earliest possible withdrawal: five years before ordinary AHV retirement age (BVV 3 Art. 3 para. 1).

02

Latest possible withdrawal: upon cessation of gainful employment; those who continue working after reaching AHV retirement age may defer the withdrawal by up to five years (BVV 3 Art. 3 para. 2).

03

The disbursement is made as a capital payment and taxed under Art. 38 DBG at a reduced special tax rate.

Frequently asked questions

Those who continue gainful employment after reaching ordinary AHV retirement age may keep their 3a accounts open for up to five additional years and defer the withdrawal accordingly. This also extends the period during which contributions can be deducted for tax purposes. Upon cessation of gainful employment, however, the capital must be withdrawn.

Part of the topic

Säule 3a

Sources: Bundesamt für Sozialversicherungen (BSV) · Eidg. Steuerverwaltung (ESTV) · Systematische Rechtssammlung (fedlex)