Personal Retirement Bond

Personal Retirement Bond – Pension Options when Leaving Service

A Personal Retirement Bond allows you to transfer your former company pension to a pension plan in your own name, to access any time from age 50 once you have left that employment.

A Personal Retirement Bond:

• Puts you in control of your pension assets,
• Removes any future connection with your old employer,
• and allows you to invest your pension fund in line with your individual circumstances and financial objectives.

Who can set up a Personal Retirement Bond?

• Anyone leaving or already left an employment with a pension fund relating to that employment.
• Anyone leaving their occupational pension scheme.
• Anyone whose company pension scheme is being wound up

Why Chose Harvest as your PRB Provider?

• We provide a competitive and transparent charging structure.
• We will recommend an investment portfolio designed around your needs and long term objectives.
• We will give you a clear picture of the retirement income  from your pension.
• We offer transparent advice with no ties to banks or institutions.
• Harvest have won Pension Broker of the Year 2015, 2016, 2017, 2018 and 2021 award at the Irish Pensions Awards.

What PRB Options are Available with Harvest?

There are three types of PRB, each one with different features that should be considered in the context of your Retirement Plan.

1)  A PRB offered by one of the Life Companies in Ireland

• An insured PRB allows you to select from a range of pre-constructed investment options with less need for you to have an input into your investment portfolio.
• The portfolio will be well diversified and appropriate to your investment risk tolerance.
• The portfolios are typically rebalanced quarterly to ensure they stay within the specified risk level.

2)  A Harvest Advisory PRB

• An Advisory PRB offers access to a global universe of Funds and Investment Trusts managed by some of the best Investment Managers in the world.
• There are more options as to where your PRB fund can be invested, included Alternative Assets and income generating investments.
• Again, the portfolio will be well diversified and appropriate to your investment risk tolerance.

3)  A Harvest Self-Administered PRB

• A Self-Administered PRB offers you the highest level of flexibility and control over your pension fund.
• A Self-Administered PRB typically offers a much wider range of investment options. You can invest in Property, Funds, Shares and Bank Deposits.

We will be happy to advise you as to which structure best meets your retirement objectives. Each option has comparative advantages and disadvantages and we will explain these clearly so that you are comfortable with the recommendation. To find out more about PRBs, and for a clear picture of what retirement income your pension might provide you with, contact Harvest at justask@harvestfinancial.ie or on 01 2375500.

Click here to find out more about a Personal Retirement Bond