Pillar 3a Pensions

Bridge any gap in your retirement income with a Pillar 3a account that benefits from Patterson Mills’ bespoke management.

Pillar 3a Pensions

Bridge any gap in your retirement income with a Pillar 3a account that benefits from Patterson Mills’ bespoke management.

How We Work With You

Your Pillar 3a private pension is an important addition to your retirement planning portfolio that deserves the same attention as your other investments.

As such, an additional service provided to Clients of Patterson Mills is our bespoke (non-insured) Pillar 3a management.

We work with various Pillar 3a Institutions to ensure this pillar of your pension provision can be managed and aligned with your wider Patterson Mills investment strategy.

Ensure you can benefit from our services today by clicking here to get in touch with our Team.

We know you will be pleased that you did.

Non-insured vs Insured Pillar 3a

There are commonly two types of Pillar 3a. The insured Pillar 3a and the non-insured Pillar 3a.

The main differences between the two are:

  • With a non-insured Pillar 3a, you decide how much you pay in each year
  • With an insured Pillar 3a, you have a pre-agreed contribution rate that you are obligated to pay and there is often no flexibility to change this

Whilst it may seem as though flexibility is the best option to go for, there is something to be said about the discipline that ensures you pay into your Pillar 3a every year. 

The default option provided by Patterson Mills is a non-insured Pillar 3a. However, where it is relevant and suitable, we are able to organise an insured Pillar 3a, too. 

The best choice is the often one that is most suitable for your circumstances.

You may find that there are enhanced investment options available with non-insured options, though equally may prefer the insurance aspect that you receive from an insured Pillar 3a.

When you open an insured Pillar 3a solution, you enter into a contract with an insurance company. You may even have a policy that comes with a guarantee. For example, an offering of a guaranteed minimum interest rate on your savings.

Cancelling or transferring a non-insured Pillar 3a will often be much easier than an insured Pillar 3a that may have associated early termination fees. It is important to always read the contracts with which you are provided before signing.

Fortunately, you are not limited to only one Pillar 3a account, and it can even be in your interests to open a new Pillar 3a account when your previous one reachers roughly CHF 50’000.-. Doing so will likely be easier to organise with a non-insured Pillar 3a. However, Patterson Mills will always check with both the non-insured and insured Pillar 3a Providers to ensure your needs are met with the most flexibility available.

A Service as Unique as Our Clients

Experience over 37 years tells us that everyone really is different. The complexities of Pillar 3a pension provisions can seem intimidating. With the myriad of differing tax rules, investment regulations, and more, it can be extremely challenging to know whether or not your money is working as efficiently as possible for you.

This is where we come in.

With our specialist advice service at Patterson Mills, which is tailored to ensuring you have the best possible chance of financial independence in retirement, we are well versed in the differing types of solutions available to you for your Pillar 3a and wider investments.

There is no one-size-fits-all solution. However, being completely independent, we have ensured that our access to the entire market enables us to offer our Clients a service that is just as distinctive as them.

To find out what you may be missing, get in touch. You have nothing to lose and potentially much to gain.

Related Pages

Pensions         Vested Benefits Accounts         Vested Benefits Transfers         UK Pension Transfers