What is a Personal Retirement Bond (PRB)?

If you have a Pension from previous employment and you are considering transferring that Pension away from your previous employers pension scheme, then a Personal Retirement Bond might be the solution for you.

A personal retirement bond is a pension registered in your name that receives the money from your previous employers pension scheme. It can be used in a number of situations, such as:

  1. You have a pension from previous employment and you want to move this pension away from your previous employer, and into a pension in your own name.
  2. You have a pension in the UK but you now live in Ireland, so you want to move your UK pension to Ireland
  3. You have pension from a previous employment in Ireland or the UK and wish to access a tax-free cash lump sum

But what are the advantages of having a Personal Retirement Bond (PRB)?


It is registered in your name so you can make your own decisions and have control on where and how your money is invested.


You can log into your pension account and get up to date information on values and performance whenever you want.


If you want to make any changes to your personal retirement bond or if you want to get cash out of it, then you can do so without having to go through your previous employer for sign off.

Tax Free Cash from age 50 

From age 50 (age 55 where the PRB came from a UK pension), you can normally receive a tax free lump sum from the PRB of 25% of its value.


In the event of your death your PRB passes to your spouse or children. This is not always the case for some other types of pensions.

Here is some information, If you are considering taking a Transfer Value from your Defined Benefit Pension Scheme?

If you have any questions or would like more information, please get in touch on 01 5267770 or email mcoburn@guardianwealth.ie

Dublin: 01 5267770
Wexford: 053 9110380
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