Pension Transfer

Home >Personal Retirement Bond

Pension Transfer As You Move Jobs

A personal retirement bond, also known as a Buy Out Bond, allows you to create a personal pension plan and then transfer your former company pension to the new fund you created. You can also use a personal retirement bond if you are just leaving your company’s pension scheme and not the company entirely. Also, if your company’s pension scheme is being wound up, that is another reason to PRB pension transfer.

PRB Frequently Asked Questions

What is a personal retirement bond?

A personal retirement bond allows you to create a personal pension plan and then transfer your former company pension (DC Scheme) to the new fund you created. This gives you more flexibility on fund choice, Financial advice and a lump sum paid at death to your estate.

What is a buyout bond?

Same as Personal Retirement bond PRB

Is there any difference between a personal retirement bond and a buyout bond?

No, A personal retirement bond is the same as a buyout Bond

Who can set up a PRB?

Any employee or former employee can set up a PRB where:

You are leaving or have left employment;
Your company pension scheme is being wound up; or
You are leaving a pension scheme.

When can you access a PRB?

From 50 Years of Age. You have two options: Take a lump sum of up to 150% of your final remuneration and use the balance of the fund to purchase an annuity; or Take a retirement lump sum of up to 25% of the value of your PRB and transfer the balance of the fund to an Approved Retirement Fund (ARF) or take a taxable lump sum.

Benefits of PRB

There are various benefits to taking out a personal retirement bond. First, it saves you the awkwardness of dealing with your former bosses. In addition, you have complete autonomy and control of the fund. You will not have to subscribe to the general investment plan your employer gets the entire employees on. You can take cash out of this fund from the age of 50 if you wish to.

Take Control

Being in charge of your investment will no doubt lead to prudence. You can invest your pension fund in line with your long-term financial objectives and available fund.

Now, what is our role in this arrangement?

Firstly, we provide you with the guidance you need to take out a personal retirement bond. We have the expertise to ensure you do not make any mistakes during the process. We are also your trusted ally if you choose to invest your pension fund. We recommend the best suite or portfolio for you to invest in.

Our pricing is transparent, and we have no affiliations with any financial institution – we work for you and you alone. In addition, we employ a seamless and straightforward process. This means no hidden charges and an easy onboarding process.

Oisin at Secure Your Future recently helped me with some savings and investment advice. I found him trustworthy, the advice provided to be independent and simple to understand. Happy to recommend him as an advisor for savings and investment advice.

As a small Business owner I had spent most of my time working in the now and not planning my own personal future. I was recommended to reach out to Oisin and from first contact I found Oisin's approach to be extremely professional and knowledgeable with simplifying the process for me. i would highly recommend anyone looking to pre plan their future to contact Oisin

Last year we sought your services to advise us on planning for our financial security in retirement. Since that time we have had several meetings which were delivered in a straightforward manner and easy to follow. I would highly recommend Oisin and his team at Secure Your Future.

After researching a number of different financial advisors and planners I made the decision to go with Oisin to transfer my UK pension back to Ireland. From the off, Oisin was personable, and very knowledgeable on all aspects of the process, both procedural and legal. He was able to simplify a series of complex activities and kept me well informed along the way. Oisin was very flexible and efficient with his services. We had an initial face to face consultation and then the process was completed remotely via email, text message, teams, and online document signature. Oisin was a pleasure to deal with and I'd be quick to recommend him to anybody looking for help with any aspect of their pension.

Pension Transfer