Introducing Multi-3a Functionality in bench
Aug 2024
Within three months of launching bench 3a into the market, we doubled down by providing customers with the possibility to open multiple 3a accounts within the app. Shortly after launching this new kind of 3a product, bench customers were asking for the ability to have multiple 3a accounts to transfer and protect existing pension savings while maintaining the option of staggered withdrawals in the years leading up to retirement.
Our design and development team worked tirelessly to create an intuitive, user-friendly interface that allows customers to open and manage multiple 3a accounts within bench easily. We focused on simplicity and clarity, ensuring that even those new to bench can plan their pension savings seamlessly.
How bench customers can benefit from this new functionality:
Tax Optimization: Users can stagger their 3a accounts up to 5 years before retirement, allowing for more efficient tax planning and potentially reducing their tax burden when withdrawing their pension capital.
Consolidation: Customers can transfer all their existing 3a accounts from other providers to bench, simplifying account management and providing access to the exclusive guarantee products.
Attractive Returns: The unique guarantee products offer the potential for appealing returns, enhancing the overall value of our users' retirement savings and giving them a reason to be optimistic about their financial future.
We're thrilled to offer this new functionality to bench customers and invite new users to experience the benefits of bench. Open a bench 3a account today, without any obligations, and take control of your retirement planning like never before.
