With Our PRSA You Can

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "With Our PRSA You Can"

Transcription

1 Live Life Your Way With Our PRSA You Can Making Your Money Work As Hard As You Do

2

3 Contents Why Should I Plan For My Retirement?... 2 How Will My PRSA Work?... 4 How Will I Benefit From A PRSA?... 6 Investment Options...9 What Are My Options At Retirement? Other Information...12 Next Steps About Bank of Ireland Life Page 1

4 Why Should I Plan For My Retirement? Retirement always seems like a long way off No matter what your age, your retirement always seems like a long way off. So a lot of people tend to put it to the back of their minds. Unfortunately, this is exactly the time when you should be putting plans into action to make sure you enjoy a comfortable retirement. After all, would the current State Pension (Contributory) for a single person, of just per week* (or one third of the average national wage), be enough for you to maintain your existing standard of living now? If that s the only income you have when you retire, it will certainly mean a big fall in your standard of living. Not a nice thought, but one we all need to consider. Added to this is the concern that the State Pension will not be paid until age 68 for people born on or after 1st January A PRSA (Personal Retirement Savings Account) provides everyone with the opportunity to plan wisely for their retirement and it s designed to suit all types of people those who do not have access to a pension scheme through work, those who work in the home, those who work part-time and those who are unemployed. A PRSA from Bank of Ireland Life is a simple and cost effective way to plan for your retirement. In a nutshell, it is pensions made easy! So don t put it to the back of your mind, take this opportunity to be in control of your fi nancial future and start a PRSA today. This brochure will help answer any questions you may have about the benefi ts of starting a PRSA with Bank of Ireland Life. * as at January If you don t have access to a pension through work, a Personal Retirement Savings Account (PRSA) could be the right option for you. Page 2

5 What age should I start thinking about a PRSA? It is never too early to start thinking about arranging a PRSA. In fact the sooner you start the less it will cost you. Just take a look at the table below to see the comparison between starting your PRSA early and delaying it by fi ve years. 300, ,000 Why it pays to start early Fund Value 200, , ,000 50,000 0 Age 30 Age 35 Starting Age Note: These fi gures are for illustration purposes only, and are based on a contribution of 150 per month and on investment to retirement at age 65. In line with the Society of Actuaries Guidance, the projections above assume future contributions increase at a rate of 3% p.a. In practice, future contributions will increase at the greater rate of 5% p.a. and CPI, in line with your policy conditions, unless otherwise requested. An investment growth rate of 6% per annum is assumed - this is not a forecast, as unit prices can fall as well as rise and could grow at a faster or slower rate than assumed. Warning: These figures are estimates only. They are not a reliable guide to the future performance of this investment. The longer you wait to start a PRSA, the more you will have to contribute each month to build up an adequate fund for your retirement. And one of the best ways to save for your retirement is with a PRSA from Bank of Ireland Life. Page 3

6 How Will My PRSA Work? Saving for a comfortable retirement Basically, as the name suggests, a Personal Retirement Savings Account (PRSA) is an account set up by you to save for your retirement. It is a tax effi cient savings account that has been designed to help individuals build up a fund for their retirement in a fl exible manner. On retirement, the fund can be used in a number of different ways to meet your fi nancial needs at that stage in your life (please see options at retirement section). What types of PRSAs are available and what makes them different? There are two types of PRSAs available, your Pension Advisor in your local Bank of Ireland branch will be able to advise you which one is more suitable for your needs. Standard PRSA A Standard PRSA carries a maximum charge of 5% on any regular premiums you pay and also a maximum yearly management fee of 1% of your fund. Bank of Ireland Life offers you a selection of 16 different investment options to choose from including a default investment strategy. For more information please see the Investment Options section. Non-Standard PRSAs Non-Standard PRSAs offer you access to over 40 investment funds, which have varying degrees of risk. However it is very important to note that a Non-Standard PRSA can have higher charges than a Standard PRSA. Your Pension Advisor in your local Bank of Ireland branch will be able to advise you with regard to these charges. How much do I need to invest? While you can start with as little as 25 per month, the amount you need to invest will depend on several things such as: What age you d like to retire at Your existing income Your current age Length of time to your retirement age It is generally recommended that you should aim to retire on a total income, including your State pension, of approximately two thirds of your income prior to retirement. Your Pension Advisor in your local Bank of Ireland branch will be happy to help you work out how much you need to put aside to meet your retirement needs. Page 4

7 And remember, while it pays to start early, it is never too late to start saving for your retirement. Your contributions can be constant over time or you can choose to increase them to help keep your PRSA in line with the increasing cost of living. Warning: If you invest in this product you may lose some or all of your money. Warning: The value of your investment may go down as well as up. PRSA - Benefits For You: Tax relief on contributions Retirement lump sum Flexibility and portability Investment choice Tax free growth* * The Government has introduced a levy on the value of pension fund assets. This levy is 0.15% p.a. for 2015

8 How Will I Benefit From A PRSA? Flexibility, tax relief, choice There are a lot of benefi ts to starting a PRSA, such as: Flexible savings you can choose the amount you save and increase or decrease your contributions when it suits you and even take a break in contributions. Pay less tax you can avail of generous tax relief on your contributions, tax free growth on your investment* and a retirement lump sum. Choice of investment options you can choose from a range of Bank of Ireland Life funds, which will be invested in a way that best suits your needs. The sooner you start the better If you want to be able to enjoy a comfortable retirement, then you need to start putting money aside in your working years to ensure you re fi nancially secure later on in life. And, the sooner you start planning for your retirement the better. How flexible is my PRSA? A PRSA is very fl exible - you can start off by putting a little aside and then as your income grows so too can the amount you save. As well as increasing your contributions, you can also decrease them at times when you aren t as fi nancially well off. You can even stop your payments and then restart them at a more convenient time. In addition, you can also make lump sum payments, if you wish to boost your PRSA. Warning: If you invest in this product you may lose some or all of the money you invest. Warning: The value of your investment may go down as well as up. * The Government has introduced a levy on the value of pension fund assets. This levy is 0.15% p.a. for 2015 As your PRSA is a long term savings investment, it has been designed to offer you the flexibility you ll need to meet your changing lifestyle over the years. Page 6

9 What are the tax benefits of my PRSA? As well as saving for your retirement, a PRSA also saves you tax. The three different ways in which you can avail of generous tax savings are: 1. Income tax relief The amount you invest in your pension is called a contribution. If you are a higher rate taxpayer, for every 1 you save, you can claim 40 cent back in tax relief from the Government. So, if you make an overall annual contribution of 1,000, this means it will actually only cost you 600, after tax relief. See how much you could be saving 20% Tax Relief % Tax Relief You pay 800 You pay 600 The Government has set certain limits on the percentage of earnings on which you can claim tax relief. It is important to remember that tax relief is not automatically granted, you must apply to and satisfy Revenue requirements. The limit is related to your income or earnings and to your age. To fi nd out how much tax relief you may be entitled to, just take a look at the following table. Maximum PRSA Tax Deductible Limits Age % of Net Relevant Earnings that you can contribute to your PRSA and obtain tax relief Under 30 15% % % % % 60 and over 40% For certain occupations such as professional sports people, the maximum allowable contribution will be 30% of net relevant earnings even if under age 50. An earnings cap applies to pension contributions for tax relief purposes. The earnings cap which can change each year is 115,000 for A tax payer is entitled to tax relief on a contribution of 1,525 paid even if this exceeds the normal income-based limit. For example, if you are aged 25 and earn 9,525, the normal limit on the tax deductible contribution is 15% of 9,525 being 1,429. If you pay 1,600 to a PRSA, relief of 1,525 will be allowed, rather than the earnings based limit of 1,429. Page 7

10 There is a very specifi c defi nition of income/earnings for tax purposes. The term used is Net Relevant Earnings. Net relevant earnings means your income during the tax year less capital allowances or losses and also certain payments which reduce a person s income for tax purposes such as tax effective covenants or maintenance payments. Contributions paid in any year in excess of the maximum tax deductible contribution may be carried forward and claimed in future years subject to the annual limit for those years. Similarly, contributions paid while out of the workforce may be carried forward and claimed against future earnings on return to paid employment subject to the annual limits. 2. Tax-free growth* Your PRSA contributions are allowed to grow without being subject to tax. This means that you gain from any growth and income that your fund earns. There is a limit on the maximum fund that can be built up on retirement. This is currently 2,000,000. This fi gure includes all of your pension funds, including the capital value of any retirement benefi ts drawn down since 7th December Where the relevant limit is exceeded, the excess in your pension funds at retirement will be liable to a once off Income Tax charge. 3. Retirement Lump Sum Under current Revenue rules the fi rst 200,000 of any retirement lump sum is tax free with any balance up to 500,000 subject to Income Tax at the standard rate. Any amount paid out in excess of 500,000 will be taxed at your marginal rate and will also be subject to PRSI and the Universal Social Charge. Any tax free retirement lump sums taken on or after 7th December 2005 will count towards the 200,000 limit. * The Government has introduced a levy on the value of pension fund assets. This levy is 0.15% p.a. for 2015 Page 8

11 Investment Options What are my investment options? When it comes to investing in your pension, we have brought together a wide range of investment options to give you great choice and quality. With the help of your Pension Advisor you can choose the range of funds most likely to fi t your attitude to risk. All funds are available on fundcentre.bankofi reland.com, for details of which funds you can choose from, please consult with a Pension Advisor in your local Bank of Ireland branch. How do I decide where to invest my money? There are two broad approaches to investing. Customers can: 1. Invest in our default investment strategy IRIS or 2. Choose from a range of funds available to you 1. Default investment strategy IRIS Bank of Ireland Life has designed the Individual Retirement Investment Strategy (IRIS), as the default investment strategy for PRSAs. This is a Lifestyle fund operated in a way that aims to maximise growth in the early years, when you have more time before retirement, and then automatically moves to more secure funds as you near retirement age to protect the value of your pension pot and its ability to provide a pension. For example, if you are only a couple of years away from retirement, you ll need more security to maintain the purchasing power of the fund you have built up. The key benefi t of IRIS is that you don t have to make any complicated decisions about what funds to invest in, or when you should switch from investing in equities to fi xed interest bonds and cash. This is taken care of for you within the IRIS strategy. IRIS is a suitable approach for those who intend to use their retirement fund mainly to purchase a pension (annuity) when they reach retirement age and provide a retirement lump sum. If you are considering an Approved Retirement Fund (ARF) / Approved Minimum Retirement Fund (AMRF), the lifestyling strategy described above may not be appropriate in the years approaching retirement. 2. Choose from a selection of funds and fund managers available We offer a range of funds to suit many investor types. Depending on which fund you invest in, its value can fall as well as rise over the period of the investment. By choosing a low risk investment, you are protecting the amount you invest but the potential for large gain is lower than if you choose a higher risk investment. Higher risk investments place more focus on growth and less on protecting the amount you invest but you could gain signifi cantly over the long term. Warning: The value of your investment may go down as well as up. Warning: This product may be affected by changes in currency exchange rates. Warning: If you invest in this fund you may lose some or all of the money you invest. In choosing the investment that is right for you, you should consider: the amount of risk you are willing to take; and how much time you have until you retire; and if you want to choose your own funds or select the default investment strategy. Page 9

12 What Are My Options At Retirement? Retirement Options You can start to use your PRSA to provide retirement benefi ts at any time between ages 60 and 75. When you retire, you can use the fund you have built up with your PRSA in a number of different ways. You can also draw down benefi ts from your PRSA between ages 50 and 60 provided you have retired from your employment. Retirement Lump Sum At retirement you can take up to 25% of your accumulated fund as a retirement lump sum and then use the balance of your fund for one of the options listed below. Under current Revenue rules the following tax rates will apply to your lump sum. Lump Sum Amount Rate of Tax Up to 200,000 Tax free Next 300,000 Income tax at the standard rate. No reliefs or credits allowed Over 500,000 Marginal rate taxed under PAYE system, plus PRSI and USC Any retirement lump sums taken on or after the 7th of December 2005 will count towards these limits. Option 1 You can use your entire fund to buy a pension (called an annuity), which provides a regular secure income paid for the rest of your life. Option 2* You could invest your PRSA fund in an Approved Retirement Fund (ARF) which allows you subject to certain conditions to invest your fund as you see fi t and draw down an income on either a regular or ad-hoc basis. Option 3* You can take your remaining fund as a taxable lump sum, subject to taxation at your marginal rate. Option 4 You can leave your fund in your PRSA until you reach age 75 at the latest. Your PRSA will be known as a Vested PRSA. Note: You must have a guaranteed income for life of at least 12,700 p.a. in order to choose options 2 and/or 3. If not, then you must either use 63,500 to purchase a pension or invest in an Approved Minimum Retirement Fund (AMRF) or retain in your PRSA (Option 4). Capital invested in your Vested PRSA (below 63,500) cannot be drawn on until age 75 or until you attain the guaranteed income for life, whichever occurs fi rst. You may draw down up to 4% of the value of the assets of the AMRF each year, subject to taxation at your marginal rate. Please note that very detailed terms, conditions and restrictions apply to all of the above listed options. There may also be tax implications depending on which option is selected. You should speak to your Pension Advisor in your local Bank of Ireland branch before deciding which option(s) to select. Page 10

13 Which option is best for me? You don t have to choose which option suits you best now. The important thing is that you have built up enough of a fund to enable you to make these choices at retirement. As you approach retirement you should consider the following: How much money you have accumulated in your retirement fund What will your fi nancial needs at retirement be The level of risk you want to take We recommend that you speak to a Pension Advisor in your local Bank of Ireland branch when you are thinking about retiring and he/she will advise on the options available. Page 11

14 Other Information Your insurance and PRSA questions answered What will I be charged for my PRSA? The maximum charges for a Standard PRSA have been laid down by the Pensions Authority. The charging structure for your PRSA is available on request. You will be notifi ed of any proposed changes to your PRSA charging structure at least 2 months prior to the proposed change. If you have any questions in relation to the charges for your PRSA, please contact a Pension Advisor in your local Bank of Ireland branch. Once I have taken out my PRSA, is there anything else I should consider? A PRSA is a long term investment and it needs to be constantly reviewed to take account of changes in your lifestyle. One of the biggest mistakes people make is thinking that simply because they have taken out a PRSA, they will be fi nancially secure in retirement. It is essential to review your PRSA regularly to ensure it is on target. We recommend a review at least once a year and especially if any of the following have happened to you: You ve recently changed jobs or your income has increased You are unsure whether your current contributions will maintain your standard of living when you retire You now have dependants You ve received a bonus and would like to receive tax relief on it You want to retire early What if I change jobs? Your PRSA is personal to you and will remain your asset regardless of whether you change employment or not. However, if you move to a job where your new employer operates a pension scheme, which you then join, you may be eligible to continue to contribute to an AVC PRSA. A Pension Advisor in your local Bank of Ireland branch will be able to advise you of your options. What happens if I die before I retire? If you die before any benefi ts have been taken, the PRSA fund may pass in its entirety to your estate free of income tax. Inheritance tax rules will apply in the normal way. If you should die after any benefi ts have commenced, different taxation rules will apply. The tax treatment of a PRSA depends on the relationship of the deceased PRSA contributor to the person who receives the benefi t. Page 12

15 How will I get information on my PRSA? Every year and at any time on request, you will receive a Statement of Reasonable Projection outlining your current fund value. Your statement will also contain a projected future value assuming you continue paying your existing level of contribution. In addition, every six months you will receive a statement of account containing details of the contributions paid and an investment report stating the current value of your fund and the performance of your investment funds to date. Is there any limit on the number of PRSAs I can have? No, but there are Revenue limits on the maximum level of contributions that can qualify for tax relief. Will I be able to use my PRSA as security for a loan or mortgage? No. It will not be possible to use your PRSA fund as security for a loan or mortgage. What should I do if I am not happy with my PRSA? We want you to be sure that your PRSA meets your needs. On taking out a PRSA you will receive a Statement of Reasonable Projection and your policy document. If after receiving your Statement of Reasonable Projection and policy document, you decide that it is not what you require, you can cancel it by letting us know in writing. If you cancel within 30 days of the day the Statement of Reasonable Projection was issued, your regular contributions will be fully refunded. Any single contribution paid to Bank of Ireland Life will be refunded less an adjustment for any downward movement in unit prices from the date of the account commencement to the date of cancellation. Our aim is to provide you with the best possible service. If you have a complaint about your PRSA, Bank of Ireland Life will try to resolve it to your satisfaction. However, if the complaint is not resolved to your satisfaction you can refer it to the Pensions Ombudsman. Details of the service provided by the Pensions Ombudsman may be obtained from or Bank of Ireland Life. The Pension Ombudsman may be contacted at: 36 Upper Mount Street, Dublin 2. T: Page 13

16

17 Next Steps Talk to us today Planning for your retirement involves a serious fi nancial commitment over a long period of time. Because of this, it makes sense to give your retirement plans some serious thought and discuss them with a qualifi ed Pension Advisor. To fi nd out more about PRSAs, please contact a Pension Advisor in your local Bank of Ireland branch Alternatively, phone Or log on to To improve our service to you, calls may be recorded. Page 15

18 About Bank of Ireland Life Bank of Ireland Life is one of Ireland s leading providers of life assurance, pension, savings and investment products, providing for the future of hundreds of thousands of customers. Bank of Ireland Life is actively involved in the growth and development of the retirement planning market and provides plans to cater for a wide range of individuals and groups. We pride ourselves in providing exceptional service to our clients throughout the duration of their retirement plans. Bank of Ireland Life Dawson Street, Dublin 2. T: F: W: reland.com To improve our service to you, calls may be recorded. Page 16

19 Warning: If you invest in this product you may lose some or all of your money. Warning: This product may be affected by changes in currency exchange rates. Warning: The value of your investment may go down as well as up. Terms and conditions apply. While care has been taken in its preparation, this brochure is of a general nature and should not be relied on in relation to a specific issue without taking financial, insurance or other professional advice. The content of this document is for information purposes only and does not constitute an offer or recommendation to buy or sell any investment or to subscribe to any investment management or advisory service. If there is any conflict between this document and the policy conditions, the policy conditions will apply. Bank of Ireland Life is a trading name of New Ireland Assurance Company plc. New Ireland Assurance Company plc trading as Bank of Ireland Life is regulated by the Central Bank of Ireland. Bank of Ireland Insurance & Investments Limited is regulated by the Central Bank of Ireland. Bank of Ireland Insurance & Investments Limited is a tied agent of New Ireland Assurance Company plc. Members of Bank of Ireland Group. March 2015 Page 17

20 March V

Personal Pension Account

Personal Pension Account Personal Pension Account Contents Introduction... 1 A Closer Look At Our Personal Pension Account... 2 What Are The Tax Advantages?... 3 Flexible Contribution Options... 4 You Control Your Investment...

More information

Public Sector Employees Approaching Retirement

Public Sector Employees Approaching Retirement Public Sector Employees Approaching Retirement Sub-Title taking care of you... Planning for retirement Contents Planning for retirement 4 Retirement Lump Sum 5 Additional Pension 6 Sample Illustrations

More information

Your Guide to Retirement Options

Your Guide to Retirement Options Your Guide to Retirement Options Contents Introduction 3 Overview 4 Personal Pension Plans/PRSAs 5 Defined Contribution Company Pension Plans 8 Additional Voluntary Contributions (AVCs) 11 Retirement

More information

A Guide to Personal Pension Plans

A Guide to Personal Pension Plans & Guidance PP A Guide to Personal Pension Plans Contents Why should I plan for my retirement? 02 What is a Personal Pension Plan? 03 How much should I invest in my Personal Pension Plan? 04 What is a Financial

More information

Your Guide to Retirement Options

Your Guide to Retirement Options Your Guide to Retirement Options Contents Introduction 3 Overview 4 Personal Pension Plans/PRSAs 5 Defined Contribution Company Pension Plans 8 Additional Voluntary Contributions (AVCs) 11 Retirement Bonds

More information

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning

Financial Planning & Guidance RSA. A Guide to Personal Retirement Savings Accounts (PRSAs) Creating your success through Financial Planning & Guidance RSA A Guide to Personal Retirement Savings Accounts (PRSAs) Contents Why should I plan for my retirement? 02 What is a PRSA? 03 What is a Financial Broker? 06 Why would I need to use a Financial

More information

An Adviser s Guide to Pensions

An Adviser s Guide to Pensions An Adviser s Guide to Pensions 1 An Adviser s Guide to Pensions Contents: Section 1: Personal Pensions 1.1 Eligibility 1.2 Maximum Benefits 1.3 Contributions & Tax Relief 1.4 Death Benefits 1.5 Retirement

More information

Sample Plan. Financial Plan

Sample Plan. Financial Plan Financial Plan ... Financial Plan For Peter & Helen Conroy....... a. a August 15, 2012 This Financial Plan together with your Plan of Action constitute your Statement of Suitability. Important Notice -

More information

YOUR RETIREMENT OPTIONS A guide from Irish Life

YOUR RETIREMENT OPTIONS A guide from Irish Life YOUR RETIREMENT OPTIONS A guide from Irish Life Committed to Plain English There is no financial jargon in this booklet and everything you need to know is written in an upfront and honest way. We are delighted

More information

What are my Pension Options?

What are my Pension Options? What are my Pension Options? The types of pension plans you can use to save for your retirement www.pensionsboard.ie www.pensionsboard.ie Verschoyle House 28/30 Lower Mount Street Dublin 2 Tel 01 613 1900

More information

PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA)

PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA) PENSIONS INVESTMENTS LIFE INSURANCE PERSONAL RETIREMENT SAVINGS ACCOUNT (PRSA) STANDARD GROUP PRSA POLICY DOCUMENT TERMS AND CONDITIONS ABOUT US Established in Ireland in 1939, Irish Life is now part of

More information

Personal Retirement Savings Accounts. Policyholders Guide

Personal Retirement Savings Accounts. Policyholders Guide Personal Retirement Savings Accounts Policyholders Guide Stay up to date with your pension savings! We offer a number of great online tools to keep you informed about your investments Visit our website

More information

A Guide to Approved Retirement Funds (ARF)

A Guide to Approved Retirement Funds (ARF) & Guidance RF A Guide to Approved Retirement Funds (ARF) A Guide to Approved Retirement Funds Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would

More information

Eagle Star Self-directed Pension

Eagle Star Self-directed Pension Eagle Star Self-directed Pension Customer Brochure Puts you in control About Zurich Life Zurich Life Assurance plc is a member of Zurich Financial Services group, an insurance-based financial services

More information

Defined Contribution Pension Plan. Employee Brochure

Defined Contribution Pension Plan. Employee Brochure Defined Contribution Pension Plan Employee Brochure This brochure describes your Defined Contribution Pension Plan, the aim of which is to help you provide financially for your retirement. This plan is

More information

Benefits guide for the AJ Bell Investcentre SIPP

Benefits guide for the AJ Bell Investcentre SIPP SIPP ISA GIA Benefits guide for the AJ Bell Investcentre SIPP SIPP ISA GIA Contents Introduction 3 SIPP benefits - the basics 3 Annuity, income drawdown and taxable lump sums - the commitments and risks

More information

A Guide to Retirement Planning for Company Directors & Executives

A Guide to Retirement Planning for Company Directors & Executives A Guide to Retirement Planning for Company Directors & Executives 2012 01.01 Contents 02.01 Pension Planning 03 03.01 Types of Pension provision 04 04.01 Executive Retirement Plan 05 05.01 Tax benefits

More information

Annuity and approved retirement funds Your options explained

Annuity and approved retirement funds Your options explained Annuity and approved retirement funds Your options explained Contents 03 How can I access my pension fund? 04 What are my options? 05 Your options explained 08 How do I decide what my options are? 09 Annuity

More information

All about Annuities. What annuity products are available from Irish Life? What is an annuity?

All about Annuities. What annuity products are available from Irish Life? What is an annuity? All about Annuities Irish Life appreciates that you have worked hard to save for your retirement. Deciding what to do with your pension fund is one of the most important decisions you will have to make.

More information

ALL ABOUT ANNUITIES JUNE 2015 WHAT ANNUITY PRODUCTS ARE AVAILABLE FROM IRISH LIFE?

ALL ABOUT ANNUITIES JUNE 2015 WHAT ANNUITY PRODUCTS ARE AVAILABLE FROM IRISH LIFE? PENSIONS INVESTMENTS LIFE INSURANCE ALL ABOUT ANNUITIES JUNE 2015 Irish Life appreciates that you have worked hard to save for your retirement. Deciding what to do with your pension fund is one of the

More information

Personal Pensions. Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide

Personal Pensions. Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide Personal Pensions Freedom in Retirement Plan Personal & Personal (Rebate) Single Contribution Pension Plan Personal Customer Guide This Customer Guide is to be read in conjunction with the Fund Guide.

More information

Securing your Future with PRSA S

Securing your Future with PRSA S Securing your Future with PRSA S NUIG Noel Hackett (QFA,MIB,Dip in Investments) Consultant Pensions Services New Ireland Assurance New Ireland Assurance Company plc is regulated by the Irish Financial

More information

AIB Retirement Options. Helping you make the right retirement choice. These products are provided by Irish Life Assurance plc.

AIB Retirement Options. Helping you make the right retirement choice. These products are provided by Irish Life Assurance plc. AIB Retirement Options Helping you make the right choice These products are provided by Irish Life Assurance plc. Getting the most out of your You have worked hard to save for your. Deciding what to do

More information

A Guide to Buy Out Bonds Creating your success through Financial Planning

A Guide to Buy Out Bonds Creating your success through Financial Planning & Guidance OB A Guide to Buy Out Bonds Contents I ve moved jobs a couple of times over the years, how do I keep 02 track of my pensions? My former employer is winding up its defined benefit pension scheme.

More information

A Guide to Buy Out Bonds

A Guide to Buy Out Bonds & Guidance OB A Guide to Buy Out Bonds A Guide to Buy Out Bonds Financial Broker Contents I ve moved jobs a couple of times over the years, how do I keep 02 track of my pensions? My former employer is

More information

Defined Contribution Pensions Members Guide. Irish Life - Company Pension Plans Made Easy

Defined Contribution Pensions Members Guide. Irish Life - Company Pension Plans Made Easy Defined Contribution Pensions Members Guide Irish Life - Company Pension Plans Made Easy Pensions on-line... Check out the Irish Life Corporate Business Website! Find the latest investment information,

More information

UCC Supplementary Life Assurance Scheme Member s Booklet

UCC Supplementary Life Assurance Scheme Member s Booklet UCC Supplementary Life Assurance Scheme Member s Booklet Sub-Title taking care of you... Introduction University College Cork (UCC) has established the UCC Supplementary Life Assurance Scheme (the Scheme)

More information

Group Additional Voluntary Contributions Plan Key features

Group Additional Voluntary Contributions Plan Key features Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

Self Invested Personal Pension

Self Invested Personal Pension Self Invested Personal Pension Product providers for financial advisors A simple guide to securing your future Who are we? Wealth Options Ltd. is a leading distributor of innovative products to the Irish

More information

Personal Retirement Bond

Personal Retirement Bond Personal Retirement Bond Customer Guide This Customer Guide is to be read in conjunction with the Fund Guide. Introduction This guide applies to the Personal Retirement Bond. Zurich Life Assurance plc

More information

CLEAR Executive Pension. The company pension that puts you in control

CLEAR Executive Pension. The company pension that puts you in control CLEAR Executive Pension The company pension that puts you in control plan About us Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies, one of the world s

More information

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning & Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities

More information

Annuities - A Brief Guide

Annuities - A Brief Guide Verschoyle House 28/30 Lower Mount Street Dublin 2 Tel 01 613 1900 Fax 01 631 8602 Email info@pensionsboard.ie www.pensionsboard.ie The Pensions Board has prepared this booklet to help people understand

More information

PENSIONS PERSONAL PENSION TERM ASSURANCE

PENSIONS PERSONAL PENSION TERM ASSURANCE PENSIONS PERSONAL PENSION TERM ASSURANCE PERSONAL PENSION TERM ASSURANCE At a glance Personal Pension Term Assurance To provide life cover for your family in the event of your untimely death. Tax relief

More information

Annuity PENSIONS INVESTMENTS PROTECTION

Annuity PENSIONS INVESTMENTS PROTECTION Annuity About Canada Life Established in 1903, the Canada Life Group has grown to be a modern and dynamic international financial services business. We are part of Great-West Life, one of the world s leading

More information

Retirement Account Plan Key features

Retirement Account Plan Key features Retirement Account Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard

More information

What are my pension options?

What are my pension options? A guide on pension provision and the types of pension plans you can use to save for your retirement www.pensionsauthority.ie The Pensions Authority Verschoyle House 28/30 Lower Mount Street Dublin 2 Tel:

More information

Get to know your options when saving for your retirement

Get to know your options when saving for your retirement Get to know your options when saving for your retirement RetireSmart Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of Ireland

More information

Approved Minimum Retirement Fund (AMRF) Approved Retirement Fund (ARF)

Approved Minimum Retirement Fund (AMRF) Approved Retirement Fund (ARF) Approved Minimum Retirement Fund (AMRF) Approved Retirement Fund (ARF) Customer Guide This Customer Guide should be read in conjunction with the Fund Guide. Introduction This guide applies to the Approved

More information

Buy Out Bond Guide. Freedom to move

Buy Out Bond Guide. Freedom to move Buy Out Bond Guide Freedom to move About the company About the company Aviva Life & Pensions Ireland Limited is a subsidiary of Aviva Life Holdings Ireland Limited, a joint venture company between Aviva

More information

Additional Voluntary Contribution (AVC) Plan

Additional Voluntary Contribution (AVC) Plan Public Service Executive Union Additional Voluntary Contribution (AVC) Plan Explanatory Booklet ffgeneral contents Introduction 3 Introduction 4 The Additional Voluntary Contribution Plan 5 What are Additional

More information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 21 Terms and conditions for joining: Pages 22

More information

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning

Financial Planning & Guidance. A Guide to Annuities. Creating your success through Financial Planning & Guidance TA Contents I m approaching retirement, what are my financial options? 02 What is a Financial Broker? 03 Why would I need to use a Financial Broker? 03 What is an annuity? 05 A Guide to Annuities

More information

Complete Solutions Personal Retirement Savings Account

Complete Solutions Personal Retirement Savings Account Complete Solutions Personal Retirement Savings Account Customer Application Booklet Please ensure you read all declarations carefully before signing Product Selection Personal Retirement Savings Account

More information

DEMOGRAPHICS AND MACROECONOMICS

DEMOGRAPHICS AND MACROECONOMICS 1 IRELAND DEMOGRAPHICS AND MACROECONOMICS Nominal GDP (EUR bn) 181 815 GDP per capita (USD) 59 944 Population (000s) 4 422 Labour force (000s) 2 224 Employment rate 94.82 Population over 65 (%) 10.9 Dependency

More information

PENSIONS: TAKE CONTROL OF YOUR FUTURE. Why pensions make sense

PENSIONS: TAKE CONTROL OF YOUR FUTURE. Why pensions make sense PENSIONS: TAKE CONTROL OF YOUR FUTURE Why pensions make sense For most people starting a pension was just something we did when we started working or when we set up our business. It just seemed sensible

More information

Additional Voluntary Contributions (AVCs)

Additional Voluntary Contributions (AVCs) AVCs FINAL SALARY SECTION Important Note: With effect from 1st November 2015, no new Added Years AVC arrangements will be permitted. Existing contracts will not be affected by this change. Additional Voluntary

More information

AIB Pensions. Saving for your retirement. This product is provided by Irish Life Assurance plc.

AIB Pensions. Saving for your retirement. This product is provided by Irish Life Assurance plc. AIB Pensions Saving for your retirement This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers with a range

More information

Self-Invested Personal Pensions

Self-Invested Personal Pensions A guide to COCKBURN LUCAS INDEPENDENT FINANCIAL CONSULTING Self-Invested Personal Pensions Contents 1. What is a SIPP? Giving you control 2. What tax advantages does a SIPP offer? Tax relief on pension

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

Synergy Buy Out Bond Financial adviser guide

Synergy Buy Out Bond Financial adviser guide Synergy Buy Out Bond Financial adviser guide Contents 03 Help your clients keep track of their pension investments 04 What is a buy out bond? 05 What the rules say... 06 Key reasons to recommend a Synergy

More information

Pensions made simple. Take control of your future MIND THE GAP

Pensions made simple. Take control of your future MIND THE GAP Pensions made simple Take control of your future MIND THE GAP PENSIONS MADE SIMPLE FROM AVIVA Contents Page 1 First things first 2 2 Why pensions are so important 4 3 How a pension plan works 8 4 The tax

More information

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT

PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT PENSIONS INVESTMENTS LIFE INSURANCE CLEAR PRSA A STRAIGHTFORWARD PERSONAL RETIREMENT SAVINGS ACCOUNT ABOUT US Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies,

More information

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement

GUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and

More information

Key Features Document

Key Features Document Keyfacts Key Features Document Transact Section 32 Buy Out Bond IntegraLife UK Limited A firm authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and

More information

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book

SHELL CONTRIBUTORY PENSION FUND. Additional Voluntary Contributions Arrangement Explanatory Book SHELL CONTRIBUTORY PENSION FUND Additional Voluntary Contributions Arrangement Explanatory Book July 2013 CONTENTS 1 Introduction 3 2 What are AVCs? 7 Why pay AVCs? 10 How do AVCs work? 12 What options

More information

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk Investment Helpdesk: 0131 550 1212 www.cs-d.co.uk SIPP stands for Self Invested Personal Pension. SIPPs are a flexible type of personal pension. Like most, they are designed to provide a retirement pot

More information

The Plan for Your Future

The Plan for Your Future The TJX UK Pension Plan The Plan for Your Future Pension Booklet 2 P age Welcome to the TJX UK Pension Plan To look after your financial future, you need to take a little time out of your present. Setting

More information

Insurance Solutions for life

Insurance Solutions for life For Financial Brokers use only. This is not a client document. Insurance Solutions for life 1. Our life insurance products at a glance 1 Page 2. Life insurance product details Term Life Insurance 2 Mortgage

More information

Self Directed Personal Retirement Bond. Personal Retirement Benefits Brochure

Self Directed Personal Retirement Bond. Personal Retirement Benefits Brochure Self Directed Personal Retirement Bond Personal Retirement Benefits Brochure Contents Section 1: What is a Personal Retirement Bond? 2 Section 2: Definitions 3 Section 3: Contributions 4 Section 4: Charges

More information

Trustee training guide for one member plans

Trustee training guide for one member plans Trustee training guide for one member plans Contents Appropriate Trustee Training 2 Trusteeship 3 Investment 5 Member Communication 6 Administration 7 Compliance and Regulation 10 Trustee Declaration

More information

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Important information you need to read The Financial Conduct Authority is an independent financial

More information

Personal Lifestyle Strategy 2015 Review

Personal Lifestyle Strategy 2015 Review S INVESTMENTS LIFE INSURANCE Personal Lifestyle Strategy 2015 Review november 2015 Audience: Brokers and Financial Consultants We launched our Personal Lifestyle Strategy (PLS) in 2010. In order to ensure

More information

SIPP Key Facts. This is an important document which you should keep.

SIPP Key Facts. This is an important document which you should keep. SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires

More information

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme > Contents About this booklet 4 About the Teachers AVC Scheme 5 Its aim 5 Your commitment 5 Risks 6 Questions

More information

Broker Guide to Canada Life Products Version 42

Broker Guide to Canada Life Products Version 42 This document is intended for Financial Advisors only and not consumers. Broker Guide to Canada Life Products Version 42 SOURCE: Marketing Information valid as per April 2013 This Guide does not form part

More information

Understanding Superannuation

Understanding Superannuation Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation

More information

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions

TAKING CONTROL OF YOUR PENSION PLAN. The value of pension contributions TAKING CONTROL OF YOUR PENSION PLAN If you add together all the money you have in pension arrangements, the total may well dwarf every other investment you ever make. Despite this, many people are happy

More information

Free Standing Additional Voluntary Contributions Plan Key Features

Free Standing Additional Voluntary Contributions Plan Key Features Free Standing Additional Voluntary Contributions Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

KEY FEATURES OF THE PROTECTED RETIREMENT PLAN

KEY FEATURES OF THE PROTECTED RETIREMENT PLAN KEY FEATURES OF THE PROTECTED RETIREMENT PLAN Customer version The Financial Conduct Authority is a financial services regulator. It requires us, LV=, to give you this important information to help you

More information

SIPP ISA Dealing Junior ISA SIPP benefi ts guide

SIPP ISA Dealing Junior ISA SIPP benefi ts guide SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums

More information

Information about tax relief, limits and your pension

Information about tax relief, limits and your pension Information about tax relief, limits and your pension Published: August 2015 Laws and tax rules have changed in 2015. The information here is based on our understanding in August 2015. Your personal circumstances

More information

The Oracle My Pension Plan. Giving you the power to choose

The Oracle My Pension Plan. Giving you the power to choose The Oracle My Pension Plan A Flexible Retirement Plan from Standard Life Giving you the power to choose Contents 03 Welcome 04 Benefits to you 06 Why should you join? 08 The state won t keep you warm 10

More information

KEY FEATURES. CASH-OUT RETIREMENT PLAN

KEY FEATURES. CASH-OUT RETIREMENT PLAN 1 KEY FEATURES OF OUR CASH-OUT RETIREMENT PLAN CASH-OUT RETIREMENT PLAN KEY FEATURES. For customers who are not receiving financial advice. This is an important document that you should keep in a safe

More information

Active Money Personal Pension Key Features

Active Money Personal Pension Key Features Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser.

KEY FEATURES OF YOUR BUYOUT BOND ILLUSTRATION KEY FEATURES. and Conditions, available from your financial adviser. 00000 Old Mutual Wealth Life Assurance Limited is a provider of long-term life assurance. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential

More information

Key Features of the Ascentric Pension Account (SIPP)

Key Features of the Ascentric Pension Account (SIPP) Key Features of the Ascentric Pension Account (SIPP) Introduction The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

pensions investments life insurance Administrator Guide

pensions investments life insurance Administrator Guide pensions investments life insurance Personal Retirement Savings Accounts (PRSA) Administrator Guide About us Established in Ireland in 1939, Irish Life is now part of the Great-West Lifeco group of companies,

More information

www.civilservice-pensions.gov.uk

www.civilservice-pensions.gov.uk www.civilservice-pensions.gov.uk This booklet is published by Civil Service Pensions. Crown Copyright June 2008 Printed by St Ives Direct PPA-1 partnership pension account Contents partnership pension

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 02 What do you want to do with your pension fund? 07 A regular retirement income for the rest of your life 10 A flexible income from a Self Invested

More information

Click on the sections below to take you straight to the specific area you wish to view without scrolling all the way through the document...

Click on the sections below to take you straight to the specific area you wish to view without scrolling all the way through the document... SAVING MATTERS If you re looking for ways to save your money, this guide explains some of the things you need to consider. We hope you find this guide useful as a first step in your research before deciding

More information

ACORN LIFE PERSONAL PENSION PLAN SINGLE CONTRIBUTION PROVISIONS

ACORN LIFE PERSONAL PENSION PLAN SINGLE CONTRIBUTION PROVISIONS ACORN LIFE PERSONAL PENSION PLAN SINGLE CONTRIBUTION PROVISIONS 1. Summary (a) This Policy is a Single Contribution Personal Pension Plan issued by us, Acorn Life Limited (the Company ). The purpose of

More information

KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY.

KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. PENSION ANNUITIES KEY FEATURES OF LEGAL & GENERAL S PENSION ANNUITY. HELPING YOU MAKE THE RIGHT DECISIONS FOR YOUR FUTURE This is an important document that you should keep in a safe place. 02 KEY FEATURES

More information

Important information. Key Features of the Flexible Life Plan (top-up payments)

Important information. Key Features of the Flexible Life Plan (top-up payments) Important information Key Features of the Flexible Life Plan (top-up payments) > Contents About this booklet 4 About the Flexible Life Plan (top-up payments) 4 Its aim 5 Your commitment 5 Risks 6 Questions

More information

Close Brothers Self Directed Service Key Features and Charges

Close Brothers Self Directed Service Key Features and Charges Close Brothers Self Directed Service Key Features and Charges Contents 1) Key Features of the Close Stocks & Shares ISA and Close Cash ISA 2) Key Features of the Close Investment Account 3) Key Features

More information

Important information. Key Features of the Prudential International Investment Portfolio

Important information. Key Features of the Prudential International Investment Portfolio Important information Key Features of the Prudential International Investment Portfolio > Contents About this booklet 3 About the Prudential International Investment Portfolio 3 Its aim 4 Your investment

More information

your benefits in detail

your benefits in detail Booklet 2 BASF UK Group Pension Scheme (DC section) Your member guide your benefits in detail 1 October 2015 Inside this guide: Benefits when you retire 4 If you die in service 8 If you die after taking

More information

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots

More information

POLICY CONDITIONS Approved Minimum Retirement Fund (PC AM5 02/11)

POLICY CONDITIONS Approved Minimum Retirement Fund (PC AM5 02/11) POLICY CONDITIONS Approved Minimum Retirement Fund (PC AM5 02/11) Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Contract and definitions Contributions The funds Unit linking Benefits & Options

More information

Key Features of the MetLife Bond Range. Income for Life Bond Guaranteed Investment Bond Protected Growth Bond Investment Bond

Key Features of the MetLife Bond Range. Income for Life Bond Guaranteed Investment Bond Protected Growth Bond Investment Bond Key Features of the MetLife Bond Range Income for Life Bond Guaranteed Investment Bond Protected Growth Bond Investment Bond Key Features of the MetLife Bond Range 1 Key Features of the MetLife Bond Range

More information

Important information. Key Features of the International Prudence Bond (Spain)

Important information. Key Features of the International Prudence Bond (Spain) Important information Key Features of the International Prudence Bond (Spain) > Contents About this booklet 3 About the International Prudence Bond 3 Its aim 4 Your investment 4 Risks 4 Questions and Answers

More information

Your future starts now. Sensible information about retirement planning from Zurich Life

Your future starts now. Sensible information about retirement planning from Zurich Life Your future starts now Sensible information about retirement planning from Zurich Life Zurich Pensions - Sensible Information Dear 30 year old me Imagine checking your post one morning and finding a letter

More information

Self Directed Portfolio

Self Directed Portfolio Self Directed Portfolio Contents 1. Introduction 4 2. Self Directed Portfolio overview 5 3. How does it work? 8 4. Technical details 24 5. Questions and answers 42 6. More information 44 3 1 Introduction

More information

SELECT SIPP. Taking pension benefits guide

SELECT SIPP. Taking pension benefits guide SELECT SIPP Taking pension benefits guide Please read this guide in conjunction with the Alliance Trust Savings Handbook and the appropriate Key Features documents. Alliance Trust Savings does not give

More information

How to... Help your clients use their pensions freedom wisely

How to... Help your clients use their pensions freedom wisely How to... Help your clients use their pensions freedom wisely How To Guide Introduction The new pension freedoms that came into effect in April 2015, may, at first, seem like a very attractive prospect.

More information

Options available when deciding to take pension benefits

Options available when deciding to take pension benefits Options available when deciding to take pension benefits You can now use the money that has built up in your pension fund to provide you with an income in retirement. An income can be provided in any of

More information

Immediate Vesting Personal Pension Plan Key features

Immediate Vesting Personal Pension Plan Key features Immediate Vesting Personal Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

IT S MORTGAGE REVERSE A SIGN OF THE TIMES

IT S MORTGAGE REVERSE A SIGN OF THE TIMES IT S A SIGN OF THE TIMES REVERSE MORTGAGE UNLOCK THE EQUITY IN YOUR HOME If you want the financial freedom to spend your retirement how you choose, with independence and dignity, you should talk to us.

More information

Key Features of the NFU Mutual Pension Annuity

Key Features of the NFU Mutual Pension Annuity Key Features of the NFU Mutual Pension Annuity Contents Who should buy this product? page 1 Its Aim page 1 Your Commitment page 1 Risks page 1 How do pensions work? page 2 What is a Pension Annuity? page

More information