Many thanks for all your help in making the transfer so seamless. I have to say I thought you did an excellent job and I am lucky to have landed on your website when I first started looking for someone to help me on this.
Transfer your pension from previous employment into your own name and manage your retirement savings with flexibility and confidence.
A Personal Retirement Bond (PRB), also known as a Buy-Out Bond, is a pension policy established in your name. It allows you to transfer the value of your benefits from a previous occupational pension scheme into a pension in your own name, giving you full control over your retirement funds.
Key features include:
You could consider setting up a PRB if:
A PRB provides a seamless way to manage your pension independently, ensuring your retirement planning remains uninterrupted.
Make independent decisions about your pension investments without employer involvement.
Access up-to-date information on your pension’s performance at any time.
Potential to take a tax-free lump sum from age 50, subject to Revenue rules.
In the event of death, the PRB can be passed to your spouse or children.
While PRBs offer numerous benefits, it’s essential to be aware of:
Seeking professional financial advice can help you navigate these considerations effectively.
Meet Emma, a 45-year-old professional who recently changed jobs. She had accumulated €150,000 in her previous employer’s pension scheme.
Emma’s proactive approach ensures her retirement planning remains aligned with her personal goals.
| Feature | PRB | PRSA | Occupational Pension Scheme |
|---|---|---|---|
| Ownership | Individual | Individual | Plan trustees |
| Investment Control | Full | Full | Limited |
| Access Age | From 50 (conditions apply) | From 50 (strict conditions apply here) | Usually 60 years plus |
| Tax-Free Lump Sum | 25% of the fund value or up to 1.5 times salary (subject to limits) | 25% of the fund value (subject to limits) | 25% of the fund value or up to 1.5 times salary (subject to limits) |
| Portability | High | High | Low |
Usually, your first contact with us will be a short telephone call or an email with Joanne in client services. This allows us to understand your situation and let you know how we can help you. A quick phone call or email can often be the easiest way to take the stress out of these decisions.
For most of our clients that initial phone call or email is where they start to get clarity on the right steps to get the most from their Pension.
Joanne will quickly get a handle on what concerns you have in relation to transferring your pension into your own name. She can schedule a quick call with Jim or Michael if needed. They can give you some advice over the phone or on a video call. You can contact Joanne on 01 5267770 or 053 9110380.
Peace of Mind for Families Across Ireland
Many thanks for all your help in making the transfer so seamless. I have to say I thought you did an excellent job and I am lucky to have landed on your website when I first started looking for someone to help me on this.
I had my Pension with my Bank but as the fund grew, I was becoming more and more concerned that I was always dealing with somebody different. I wanted to have a direct line to somebody who could advise me and meet with me as my circumstances changed over time. Michael is my Pension Advisor now and is always at the end of the phone whenever I need him. I am happy to recommend Guardian Wealth.
My husband and I contacted Guardian Wealth seeking advice and help with our pensions. I am an ex Aer Lingus employee and I found it very difficult dealing with Mercer. We met with Jim Doyle in Guardian Wealth. He gave us straightforward advice and clearly explained the options available and the process to me. Jim and his team were very efficient and easy to deal with. They dealt directly with Mercer on my behalf and got everything sorted for me. I am more than happy to recommend Guardian Wealth if you are looking for pension advice.
The main benefit is that you transfer your old pension from a previous employer into your own name. This allows you to take control of your pension when you move jobs. You can also choose the funds your money is invested in.
In most cases, a Personal Retirement Bond is the best option, as it is a simple, straightforward way to take your pension entitlement with you when you change jobs. This will allow you to take personal control of your money. Obviously, everyone’s financial situation varies, and we would be happy to help you choose the right option for you.
You will need to contact the HR/pension department of the company you previously worked for and request your “Leaving Service Options”.
Your funds can be accessed from the age of 50 years, subject to satisfying certain criteria/rules.
Ready to explore how a Personal Retirement Bond can benefit your retirement planning? Our experts are here to guide you through every step.
