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A personal retirement bond (PRB), commonly referred to as a ‘buy-out bond’, functions as an individual pension arrangement tailored to accommodate transfer payments from occupational pension schemes.

This makes PRBs an attractive option for individuals transitioning between jobs, seeking to consolidate their pensions from former employers’ schemes or retiring an old pension plan, Opting for a PRB empowers you with flexibility over your pension funds, granting flexibility in selecting investment avenues and strategies.

PRB‘s like all pensions funds grow free of  Deposit Interest Retention Tax ( DIRT ) This rate is 33% as of 2024, Engaging in a conversation with us today is imperative to grasp the nuances of PRBs, discerning both the risks and advantages they entail, and ensuring alignment with your retirement aspirations.

If you already have an existing pension, it’s important to have a regular review to ensure you’re up to date with the latest charging structures and investment risks. Charges have changed significantly over the last 10 years, you don’t want to be paying too much to your pension provider. At Malahide Insurance Shop we offer pension reviews to ensure you have the best charging structure for your needs. We’re confident we can beat your current structure and save you money, so book in for a review with us today to secure your financial future.

Malahide insurance shop is regulated by the Central Bank of Ireland working with Zurich life, New Ireland, Aviva life, Royal London and Irish Life.

Malahide insurance shop is a member of Brokers Ireland as a financial broker.