If True Wealth already opens at least five 3a accounts and I have other 3a accounts with other providers, isn't that a problem?

If you have more than five 3a accounts in total, this is generally not a problem. On the contrary, it can help you to flexibly arrange staggered withdrawals. When you withdraw your 3a funds, you can cash out several accounts at the same time and you can choose which ones you are closing. Since True Wealth automatically distributes the payments to the accounts for you, you don't have to worry about managing the individual accounts yourself.

However, tax practice on withdrawals of pension assets differs from canton to canton. For example, in addition to the direct federal tax, some – but not all – cantons also apply a tax progression on pension capital payouts. The tax treatment of staggered withdrawals with regard to progression also varies from canton to canton. If necessary, enquire with your tax authority in good time. With our solution, we try to ensure you maximum flexibility of later lump-sum withdrawals, even if you do not yet know in which canton you will later withdraw your pension capital.