Buy Out Bonds
Have you left a Company or broke service where you had a pension plan?
You may want to investigate if you can transfer this pension into your own name, this is possible by means of transferring your company pension into your own pension bond.
Have you been a member of a Group Pension?
You may want to investigate your options, it may be possible transfer this pension into your own name.
What is a Buy Out Bond?
A buy out bond (also known as a personal retirement bond) is a policy where you can transfer your pension fund if you leave a company pension scheme or if the pension scheme is being shut down. The trustees may set up the buy out bond for you and put you in control, however a lot of times this needs to be done for you and options explained to you which Financial Planner will help you with. This is an invaluable pension plan and one which can grow and be managed for you.
What is the minimum Investment?
Normally €5,000.00
What can I invest in?
Funds, Deposits, Self- Directed Deposits & Direct Equity.
When can I access benefits?
Usually from 50.
How can I take benefits?
Normally 25% tax free cash and an ARF/AMRF or annuity or up to 1.5 times based on salary and service and an annuity.
Can I transfer a UK Pension?
Normally yes, contact us to confirm if a transfer is suitable for your situation.
Warning:
The value of your investment may go down as well as up. You should seek professional advice before making decisions regarding your pension plans.