Investing a larger sum at 20 years old (still in school so I can't invest for at least 5 years)

[flumpertrank]

@San_Francisco

You‘re (probably?) not going to save much on tax by investing money in a 3rd pillar product, unless you have other income which you can „deduct“ it from. The higher your other income, the higher savings by investing in pillar 3a - and you can only deduct in the same tax (= calendar) year .

That’s not correct. You also save on wealth tax and divivdend tax in the long run. Over 45+ years that’s not nothing.

The wealth tax is effectively counterbalanced by the higher expense ratios at Viac, the dividend tax however is the more significant aspect.