More and more often we hear the term 3th pillar during discussions about pension plans, savings or taxation. Numerous articles support these various topics, as the private part, which is not dependent on the State or the company, is becoming so important.
Everyone has their own Reason to start a 3th pillar to achieve a life goal. This may vary depending on the different situations.
But in fact, how do you create your own 3th pillar?
The reflection around the creation of Son 3th pillar?
Think about the reason why you want to set up your 3th pillar is definitely the most important thing to do before creating one.
It is essential to know your objective, the duration that will allow you to reach it and also your budget. Indeed, these different points will determine what is the best way to create a 3th pillar taking into account your own situation.
There are many ways to think about, but the most frequent are:
- The tax savings achieved each year thanks to the 3th pillar
- Your standard of living in retirement and the one you want to achieve
- Pre-retirement and pre-retirement planning
- The acquisition of real estate as a main residence
- Family protection in the event of death
- Coverage in case of disability due to illness or accident
- Investing in order to generate returns or rather prioritizing security?
- Living abroad project?
- How much to set aside per month?
Finding the right solution 3th pillar
Once you've thought about why you want to create a 3th pillar, it's time to get to the heart of the matter by comparing 3rd pillar solutions existing on the market. There are various approaches to doing this.
The 3th live pillar:
You can in fact contact establishments directly, ask questions about their solutions and finally compare them to other solutions that other competitors offer.
This solution is undoubtedly the most time-consuming and the one that requires the most skills in order to compare comparable solutions. It is also important to choose carefully which banks and insurance companies you want to visit and according to what criteria.
The 3th pillar on the internet:
More and more solutions are available directly on the internet. The advantage is a saving of time compared to going live, but this way of doing things also requires skill in comparison and a good basic selection of the sites and establishments you are going to visit.
The 3th pillar through a broker
The broker's job will consist in assisting you in choosing the best solution and doing the research and comparison work for you.
Your prior thought will greatly help in choosing the right solution. It is the experience and the profession of the advisor that will guide you in your choices. Its mission is also to optimize the fiscal and inheritance aspects in relation to your choice.
It is important to turn to a company that has a large number of partners in order to be able to benefit from the most optimal solution and to compare the returns of equivalent solutions with each other.
The 3th pillar via an online comparator
This solution will allow you to follow your path simply and effectively through an application that will guide you in your choice according to your needs.
Once your choice has been defined, a comparison will be automatically created on the best solutions on the market in connection with your selection.
Subsequently, advice based on the personal comparison will allow the last adjustments and modalities in order to be as close as possible to your desires.
The creation of your 3th pillar and administrative procedure
Once the solution is chosen, all you have to do is fill out the proposals and the medical questionnaire if it is a 3th pillar via insurance.
A copy of your identity document and/or residence permit will also be requested.
For more complex specifications such as the beneficiary clause, it is better to have it validated by an advisor in order to avoid a surprise during your succession.
Once the documents have been submitted to the chosen institution, the institution will determine whether it accepts you, refuses you or issues a condition or reservation to your acceptance. If accepted, only the premium will remain to be paid and thus benefit from the tax savings and returns of the solution to achieve your goals.
Actions are better than words! Come and test our new application and take advantage of our advice by phone or at our offices. We will be happy to help you.
