What is the Third Pillar?

The third pillar refers to a supplementary pension that individuals build up themselves in addition to the statutory pension (the first pillar) and possibly the pension through the employer (the second pillar). In the third pillar, people can, for example, use an investment account, an annuity insurance or other financial instruments to build up extra capital for their pension.

It is an individual and optional scheme where you are responsible for your pension accrual.

An important advantage is the tax benefit you can receive by deducting contributions for your supplementary pension from your taxable income in box 1.