Buy Out Bonds (Personal Retirement Bonds)

PensionsFinancial Planning
Written By Jonathan Sheahan

A Buy Out Bond (also known as a Personal Retirement Bond) is a lump sum pension contract specifically designed to house legacy pension entitlements from previous employments.  

It is a Revenue-approved pension that enables the market value of your accrued pension benefits to be transferred from your old Employers pension policy into this 'paid up' pension policy. This provides you with more control and transparency over your pension funds.

Moving your retained Pension Benefits to a Buy Out Bond will give you the option to access these benefits from Age 50.

Jonathan Sheahan
Managing Director of Compass Private Wealth, Dublin
www.CompassPrivateWealth.ie
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