How exactly does True Wealth's auto top-up system work?

Let's assume you activate Pillar 3a with us and make regular annual contributions:

One account is opened and topped up each year until a total of 5 accounts have been opened. From the 6th year onwards, the 3a payments are made annually to the account with the lowest balance.

A new account is opened for each external 3a transfer, i.e. a transfer from another pension fund to us. These accounts are separate from the direct deposit accounts and cannot be replenished in future. It is not possible to manually override this mechanism.

What happens in the event of a withdrawal?

If you have paid into a 3a with True Wealth for at least 5 years and have also made two external transfers, for example, you will have seven 3a accounts with True Wealth. You can decide for yourself which of these accounts you want to pay out. Thanks to the denomination, you are flexible and can individually optimize the progression of the capital withdrawal tax.