Retirement Options ESI-Tran Buy-Out Bond Personal Retirement Bond

Size: px
Start display at page:

Download "Retirement Options ESI-Tran Buy-Out Bond Personal Retirement Bond"

Transcription

1 Retirement Options ESI-Tran Buy-Out Bond Personal Retirement Bond Intermediary Name Financial Advisor Name Intermediary Number By completing and returning this form, you are instructing Zurich Life Assurance plc (Zurich Life) to surrender / mature your Zurich Life ESI-Tran Buy-Out Bond and are confirming the Retirement Options selected. There are 7 Retirement Options from which to choose and these are listed below. Please read this form carefully and seek independent financial advice, if required. Zurich Life - ESI-Tran Buy-Out Bond - Policy Number(s) Please list below your Zurich Life ESI-Tran Buy-Out Bond Policy Number(s). All Pension Polices relating to the same employment must be matured at the same time. Zurich Life - ESI-Tran Buy-Out Bond Policy Number Maturity Value Investment Notice Please note that on receipt of this Retirement Options claim form the proceeds of your Zurich Life ESI-Tran Buy-Out Bond are disinvested with immediate effect. If there is an unforeseen delay of more than one month in processing your Retirement Options due to outstanding requirements, etc, then your maturity value will be increased in line with the corresponding increase in the Zurich Life Secure Investment Fund over this period. Policyowner Details Title : Mr / Mrs / Ms / Other: Forename: Surname: Date of Birth: Please provide a copy of your original birth certificate (and Marriage Certificate if applicable), passport or driving licence. PPS Number: Address: Contact phone numbers: Home Work

2 Retirement Options - (All Benefits are subject to Revenue Maximum Allowable Limits) The values quoted in your Retirement Options letter may have increased or decreased as a result of fluctuations in the underlying investments. However, you should still insert the values quoted in the relevant boxes below to indicate the Retirement Option(s) you have selected. Note: Where you are not selecting one or more of the Options 1 to 7, please delete / cross-out the Section(s) or insert the words Not Applicable across the relevant Section(s). Option 1 Retirement Lump Sum Payment Option Zurich Life will calculate the maximum allowable Retirement Lump Sum. If the Retirement Lump Sum is to be calculated and paid using the Formula based on Salary, Years of Service and Retained Benefits, please insert the words Salary / Service in the space below (*). If eligible, you may avail of the Approved (Minimum) Retirement Fund A(M)RF Options if required. In this situation you can choose to take a Retirement Lump Sum of up to a maximum of 25% of the Maturity Value. Please refer to the Flowchart below and answer the following Eligibility Questions. Eligibility Questions 1) Was the original scheme that transferred to your ESI-Tran Buy-Out Yes / No Bond a Defined Contribution (DC) Scheme? 2) Did you leave service after 6th February 2011? Yes / No 3) At the time of leaving, had the Trustees of the Defined Contribution Yes / No (DC) Scheme amended the Scheme Rules to allow the ARF options for members leaving after 6th February 2011? 4) Were you a 5% Proprietary director at any stage within 3 years of Yes / No leaving service? 5) Was any part of the original Transfer Payment to the ESI-Tran Buy- Yes / No Out Bond related to your Additional Voluntary Contributions (AVC's)? If you are eligible to do so and wish to avail of the ARF/AMRF (Option 2) or the Taxable Cash Sum (Option 4) you may take up to a maximum of 25% of the Maturity Value as a Retirement Lump Sum. Please insert the required Percentage in the space below (**). If the Retirement Lump Sum option is to be waived, please insert the words Not Applicable in the space below (*). Note: If you are maturing an Additional Voluntary Contribution (AVC) arrangement, we will need confirmation from the Trustees of the main scheme of the level of Retirement Lump Sum and/or annuity/a(m)rf payable to you from the Main Scheme. I hereby request Zurich Life to issue me with a Retirement Lump Sum Payment of (*) or (**)% of the maturity value (Max Allowable is 25%)

3 Flowchart Eligibility for Approved (Minimum) Retirement Fund A(M)RF Options from an ESI-Tran Buy-Out Bond START Was the Original Transferring Scheme a Defined Benefit (DB) Scheme? If not a Defined Benefit (DB) Scheme, then the Scheme was a Defined Contribution (DC) Scheme. Did you leave the DC Scheme and become entitled to a preserved benefit after 6 th February 2011? Were you a 5% Director? Were the Rules of the DC Scheme modified to allow the A(M)RF option? Did part of the Transfer Payment relate to AVC Contributions? Transfer Payment Employee and Employer Portion of Transfer Payment Additional Voluntary Contribution (AVC) Portion of Transfer Payment RESULT - Approved (Minimum) Retirement Fund A(M)RF Option is NOT available (Apart from AVC Fund which can go to A(M)RF. Main Scheme (and AVC) Retirement Lump Sum can ONLY be based on Salary and Service Formula (and not 25% of Fund). RESULT - Approved (Minimum) Retirement Fund A(M)RF Option is available. Retirement Lump Sum can be based on Salary and Service Formula OR up to a maximum of 25% of Fund (Except AVC portion of fund if Main Scheme benefits based on Salary and Service) YES NO

4 Maximum Allowable Retirement Lump Sum Payment The total maximum allowable Retirement Lump Sum Payment from all sources for each individual is currently 575,000, of which the maximum allowable Tax-Free Retirement Lump Sum Payment is 200,000. Both of these limits include all Retirement Lump Sum Payments taken by you from all other pension arrangements since 7 th December Please note that Retirement Lump Sum Payments between 200,000 and 575,000 will be taxed at standard rate income tax (currently 20%). If applicable this tax will be deducted by Zurich Life and returned to Revenue along with Revenue Form 790AA. Confirmation of Retirement Lump Sum Payment(s) Did you become entitled, on or after 7 th December 2005, to any Pension Benefits, Retirement Lump Sum Payments or any other pension related benefit? Yes / No Prior to, or on, the date of receiving benefits from this Zurich Life ESI-Tran Buy-Out Bond Plan, will you become entitled to any Pension Benefits, Retirement Lump Sum Payments or any other pension related benefit from another pension arrangement? Yes / No If you have answered Yes to either of the above questions, please provide the following details of your pension arrangements in the Table below. Please include full details of all Retirement Lump Sum Payments received from pension arrangements by you on or after the 7 th of December This includes Retirement Lump Sum Payments that are currently being taken / processed. Zurich Life will include this information when returning the Revenue Form 790AA (Section 790AA TCA Income Tax deducted from excess lump sum) Details of all other Pension Benefits and Retirement Lump Sum Payments, including Details of Retained Benefits Please provide full and complete details of the following:- 1) Contract(s) from other providers being matured in relation to the same employment. 2) Retained Benefits (i.e. benefits from previous employment including any personal pension plans, PRSA s etc). This information should include details of any Retirement Lump Sum and Pension Benefit entitlements - paid or payable. This information should also include details of all current Pension Benefits and Retirement Lump Sum Payments taken by you since 7th December 2005 (please use a separate sheet if necessary). If None, then please write None. This information is needed so that we can ensure that all benefits do not exceed the maximum permitted by the Revenue Commissioners.

5 Name of the scheme or pension arrangement Contact details for the Administrator Policy or reference number Type of pension arrangement e.g. PRSA, Personal Pension (RAC), Superannuation / Company Pension Scheme (Note). Name of Employer, if applicable Date of entitlement to benefits Maturity Value when benefits were paid out (Note) Retirement Lump Sum Paid Taxable Retirement Lump Sum Paid Tax Free Pension 1 Pension 2 Pension 3 Note - If any of the Superannuation / Company Pension Scheme were Defined Benefit schemes, then please confirm the Annual Pension ( p.a.) that you are currently receiving (or that you expect to receive on retirement). Standard Fund Threshold (SFT) / Personal Fund Threshold (PFT) With effect from 7 th December 2010 the maximum tax relieved pension fund from all pension arrangements was reduced to 2,300,000 (the Standard Fund Threshold - SFT). This limit includes all Pension Benefits and Retirement Lump Sum Payments taken since 7 th December At any stage in the past, did you ever apply to Revenue for a Personal Fund Threshold (PFT) for pension funds in excess of a Standard Fund Threshold? Yes / No If Yes and the amount applied for was accepted by Revenue then please provide a copy of your Personal Fund Threshold (PFT) Certificate. Do you have pension benefits with other Life Offices or in other pension schemes? Yes / No If Yes please provide full information (in the Table above) in respect of all Pension Benefits and Retirement Lump Sum Payments taken by you since 7 th December 2005.

6 Options for Residual Fund Please confirm below the Retirement Option(s) selected for the remaining fund (after payment of the Retirement Lump Sum) by ticking the required Option(s) selected from Option 2 to Option 7 below. Please also provide any Additional Requirements and complete any required Application Form(s) based on your selected Option(s). Approved Minimum Retirement Fund (AMRF) and Guaranteed Lifetime Income Requirement Although you may have satisfied the previous AMRF requirements (with Zurich Life or any other Life Office / Qualifying Fund Manager QFM), we are required to check that the current AMRF and Guaranteed Lifetime Income requirement are satisfied at every subsequent maturity / retirement from a ESI-Tran Buy-Out Bond Plan (Option 2) and also prior to exercising the Taxable Cash Payment (Option 4). Eligibility Requirements If you are under age 75 and wish to avail of the above options then Zurich Life require proof of the existence of:- i) An Approved Minimum Retirement Fund (AMRF) in your name with an investment amount equal to the current maximum weekly State Pension Contributory (SPC) amount multiplied by 52 multiplied by 10. This amount currently equates to 119,800 (2011). Please enclose confirmation of this AMRF from the Qualifying Fund Manager (QFM) or Life Office. OR ii) A Guaranteed Lifetime Income in your name equal to the current weekly State Pension Contributory (SPC) amount multiplied by 52 multiplied by 1.5. This amount currently equates to 18,000 p.a. (2011). Please enclose confirmation of this income in the form of a payslip or a letter from the organisation(s) paying this income. Option 2 Invest in ARF/AMRF with Zurich Life I instruct and authorise Zurich Life to invest / % of the maturity value in a Zurich Life Approved (Minimum) Retirement Fund A(M)RF in my name as per the instructions given on the enclosed A(M)RF Application Form. I confirm that I have read the relevant Customer Guide, and I have completed the necessary A(M)RF Application Form (together with any requirements) and these are now enclosed. Yes / No Option 3 - Purchase of an Annuity from Zurich Life I instruct and authorise Zurich Life to invest / % of the maturity value to purchase an Annuity in my name from Zurich Life as per the instructions given on the enclosed Zurich Life Annuity Application Form.

7 I confirm that I have read the relevant Customer Guide, and I have completed the necessary Annuity Application Form (together with any requirements) and these are now enclosed. Yes / No Note: The annuity rate and, as a result, the pension payable to you will depend on your decisions with regard to a number of factors as shown below. For example, if you opt for a spouse s annuity to be paid on your death (i.e. joint life annuity), the annuity rate will be less than if you opt for an annuity payable solely to you (i.e. single life annuity). It is important that you are satisfied with the annuity that you purchase, because once the purchase is made, the terms cannot be altered. Your financial advisor or Zurich Life will provide you with details of the effects of the different options you may wish to consider. Please Note: The declared annuity rate could change if all claim requirements are not received within 10 days of the annuity quotation date. Zurich Life is required to deduct Income Tax, PRSI & USC from any annuity payment(s) and account to the Revenue for such deductions. You should contact the Revenue Commissioners to arrange a Certificate of Tax Credits and Standard Rate Cut-Off Point for this annuity. If you have contacted Revenue in this respect please tick here ( ). Please quote Zurich Life s registered number D. Unless this certificate is received, tax will be deducted by Zurich Life at the emergency rate of Income Tax. If you have a full medical card then please submit a copy with this form. Option 4 - Taxable Cash Payment I instruct and authorise Zurich Life to issue a once-off Taxable Cash Payment of / % less the relevant tax. I confirm that I satisfy the current AMRF / Guaranteed Lifetime Income Eligibility Requirements as stated in the section above and I attach the required confirmation of same. Yes / No Please Note: Zurich Life is required to deduct Income Tax, PRSI & USC from this payment and account to the Revenue for any such deduction. You should contact the Revenue Commissioners to arrange a Certificate of Tax Credits and Standard Rate Cut-Off Point for this payment. If you have contacted Revenue in this respect please tick here ( ). Please quote Zurich Life s registered number F. Unless this certificate is received, tax will be deducted by Zurich Life at the higher rate of Income Tax. If you have a full Medical Card then please submit a copy with this form.

8 Option 5 - Taxable Cash Sum under the Triviality Rule If you are availing of a Taxable Cash Sum under the Triviality Rule then the residual fund (fund after payment of the various Retirement Lump Sums) must be less than 20,000 from all sources. I instruct and authorise Zurich Life to issue a once-off Taxable Cash Sum payment of / _ % in accordance with the Triviality Rule. I confirm that I am eligible to avail of a Taxable Cash Sum under the Triviality Rule as the remaining pension funds from ALL sources (after the deduction of all Retirement Lump Sum Payments) is 20,000 or less. Yes / No Please Note: Zurich Life is required to deduct Income Tax, PRSI & USC from this payment and account to the Revenue for any such deductions. You should contact the Revenue Commissioners to arrange a Certificate of Tax Credits and Standard Rate Cut-Off Point for this payment. If you have contacted Revenue in this respect please tick here ( ). Please quote Zurich Life s registered number D. Unless this certificate is received, tax will be deducted by Zurich Life at the emergency rate of Income Tax. If you have a full Medical Card then please submit a copy with this form. Option 6 - Open Market Annuity Option I instruct Zurich Life to transfer the total maturity value to purchase an Annuity in my name under the Open Market Annuity Option. Details as follows: Life Office / Payee Name Address / Cheque Destination Contact Name / Phone Number Annuity / Policy Reference Number Option 7 Transfer to an A(M)RF other than with Zurich Life I instruct Zurich Life to transfer or % of the maturity value for investment in an ARF / AMRF in my name. Details as follows: Life Office or QFM / Payee Name Address / Cheque Destination

9 Contact Name / Phone Number AMRF & ARF / Policy Reference Number Pension Adjustment Order or Notice to Trustees In relation to any of the Zurich Life ESI-Tran Buy-Out Bond Plan(s) listed in the table above and currently being claimed, please confirm whether:- 1) A Pension Adjustment Order has been issued, or is in the process of being issued in respect of any of the ESI-Tran Buy-Out Bond(s)? Yes / No 2) A Notice to Trustees has been issued in respect of any the ESI-Tran Buy-Out Bond(s)? Yes / No If Yes to (1) or (2), then please provide a copy of the Pension Adjustment Order or a copy of the Notice to Trustees. Important Note. If this section has not been completed, then Zurich Life will assume that a Pension Adjustment Order or a Notice to Trustees has NOT been issued on these ESI-Tran Buy-Out Bond(s). Declarations by Policyowner (to be completed in all cases) i) Data Protection and Revenue Commissioners Declaration Zurich Life or their authorised agents may hold, use, disclose and process any information provided by me, which shall include information contained in this Retirement Options Form (or provided subsequently in discussion or otherwise) and any information arising in relation to the processing and administration of my Zurich Life ESI-Tran Buy-Out Bond benefits to comply with legal and regulatory obligations and related matters and to check my personal data against international trade/economic or financial sanctions laws or regulations listings. I consent to Zurich Life seeking information and benefit details from the administrator, trustees or any other relevant Life Office or Qualifying Fund Manager of any scheme, arrangement or contract of which I am or have been a member, and I authorise the giving of such information and details. I consent to Zurich Life disclosing this data to regulatory authorities, or, as required by law to any persons with whom the Zurich Life has a contract as a service provider, to other insurance companies or to other companies in the Zurich Life Group. I authorise the Department of Social Protection or the Revenue Commissioners to advise Zurich Life or their authorised agents of my most recent address on their records at any future time. ii) Policyowners Declaration I declare that the statements in this Retirement Options Form are true and complete (including any statements written down at my dictation), and I agree that this declaration shall be the basis for payment of benefits from my ESI-Tran Buy-Out Bond(s) with Zurich Life. I understand that where my Retirement Lump Sum Payments exceeds 200,000 then Zurich Life will deduct standard rate Income Tax on the excess between

10 200,000 and 575,000 as detailed in Option 1 Retirement Lump Sum. I understand that the above payments represent the full and final discharge of all claims and liabilities in respect of the Member. I confirm that I have read and fully understand all parts of the above Declaration. ESI-Tran Policyowner Name (Please Print) : Signature: Date: Witness Name (Please Print): Signature: Date: Position or Relationship to ESI-Tran Policyowner:

Retirement Options Personal Retirement Savings Account (PRSA)

Retirement Options Personal Retirement Savings Account (PRSA) Retirement Options Personal Retirement Savings Account (PRSA) Intermediary Name Financial Advisor Name Intermediary Number By completing and returning this form, you are instructing Zurich Life Assurance

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

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

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

CHAPTER 23 APPROVED RETIREMENT FUNDS. Revised July, 2013

CHAPTER 23 APPROVED RETIREMENT FUNDS. Revised July, 2013 CHAPTER 23 APPROVED RETIREMENT FUNDS Revised July, 2013 Introduction 23.1 Flexible options on retirement for pension arrangements were introduced by Finance Act 1999. Rather than purchase an annuity or

More information

Retirement Request Form Personal Pension Plans

Retirement Request Form Personal Pension Plans Retirement Request Form Personal Pension Plans Phoenix Ireland Please complete this form using BLOCK CAPITALS SECTION 1 Your Details Policy Number (s) PPS Number Forename (s) (In Full) Surname Address

More information

Retirement instruction for company pension and buy out bond

Retirement instruction for company pension and buy out bond Retirement instruction for company pension and buy out bond Filling in this form OPSBRET V14 0615 Complete this form if the member is retiring now and have their policy proceeds paid according to these

More information

APPLICATION BY TEACHER FOR RETIREMENT PENSION AND LUMP SUM To be completed when applying for payment of Preserved pension and lump sum at age 60/65.

APPLICATION BY TEACHER FOR RETIREMENT PENSION AND LUMP SUM To be completed when applying for payment of Preserved pension and lump sum at age 60/65. Page 1 of 7 APPLICATION BY TEACHER FOR RETIREMENT PENSION AND LUMP SUM To be completed when applying for payment of Preserved pension and lump sum at age 60/65. Please tick ( ) box to indicate school type

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

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

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

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

ANNUITY OPEN MARKET OPTION REQUEST

ANNUITY OPEN MARKET OPTION REQUEST ANNUITY OPEN MARKET OPTION REQUEST Please complete in block capitals and in black ink, ticking boxes where appropriate and return it to: Astute Trustee Services Limited, 45 Berry Lane, Longridge, Preston,

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

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

CHAPTER 7. Lump sum benefits must only be paid once, normally at the time of retirement (i.e. the date on which the pension becomes payable).

CHAPTER 7. Lump sum benefits must only be paid once, normally at the time of retirement (i.e. the date on which the pension becomes payable). CHAPTER 7 LUMP SUM BENEFITS AND COMMUTATION Reviewed September, 2015 General 7.1 This chapter sets out the maximum lump sum benefits that may be provided under an approved scheme. The level of lump sum

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

CHAPTER 27. Taxation of Retirement Lump Sums. Revised September 2015

CHAPTER 27. Taxation of Retirement Lump Sums. Revised September 2015 CHAPTER 27 Taxation of Retirement Lump Sums Revised September 2015 Introduction 27.1 Section 790AA Taxes Consolidation Act 1997 (TCA 1997) provides a regime for the taxation of the excess portion of retirement

More information

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

Transfer application form

Transfer application form For customers Guaranteed Pension Annuity (tax-free cash) Transfer application form Illustration number Agent number / Agent phone number Agent fax number Agent email address Page 1 of 12 Application checklist

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

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

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

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

SIPP benefit form annuity purchase discharge form

SIPP benefit form annuity purchase discharge form Stockbrokers SIPP benefit form annuity purchase discharge form This benefit form must be completed if you wish to purchase a lifetime annuity and would like AJ Bell Management Limited to pay you a tax

More information

SIPP benefit form annuity

SIPP benefit form annuity SIPP ISA Dealing Junior ISA SIPP benefit form annuity This benefit form must be completed if you wish to purchase a lifetime annuity and would like AJ Bell Youinvest to pay you a tax free lump sum. Please

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

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

Pension Annuity Application Form

Pension Annuity Application Form Pension Annuity Application Form Page 1 Pension Annuity Application Form About this Application Form This Form is an application for a pension annuity plan with Just Retirement. In return for your pension

More information

Compulsory Purchase Annuity

Compulsory Purchase Annuity Application form Who this form is for 0615 This form is for people who want to purchase a pension from Standard Life Filling in this form Before completing this form read the Key Features Document (CPA17)

More information

THE ITC BUY OUT BOND BROCHURE. www.independent-trustee.com

THE ITC BUY OUT BOND BROCHURE. www.independent-trustee.com THE ITC BUY OUT BOND BROCHURE www.independent-trustee.com If you were the member of an occupational pension scheme, leaving or have left employment, or your pension scheme is being wound up, it is time

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

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

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

APPLICATION FORM. / / / PENSION ANNUITY. Once you ve completed this form, please return it to: Legal & General Annuities PO Box 809 Cardiff CF24 0YL

APPLICATION FORM. / / / PENSION ANNUITY. Once you ve completed this form, please return it to: Legal & General Annuities PO Box 809 Cardiff CF24 0YL PENSION ANNUITY APPLICATION FORM. Once you ve completed this form, please return it to: Legal & General Annuities PO Box 809 Cardiff CF24 0YL We will already have sent you a quote(s), illustrating the

More information

With Profits Pension Annuity

With Profits Pension Annuity With Profits Pension Annuity If you would like help completing your application, please talk to your Independent Financial Adviser. Application form For details about the Liverpool Victoria With Profits

More information

Lump sum benefit payment request for your superannuation or account based pension

Lump sum benefit payment request for your superannuation or account based pension Lump sum benefit payment request for your superannuation or account based pension How to claim a benefit To claim a benefit you will need to complete the attached Benefit Payment Request and send it direct

More information

Local Government Pension Scheme Hampshire Pension Fund Retirement declaration form Explanatory notes

Local Government Pension Scheme Hampshire Pension Fund Retirement declaration form Explanatory notes Local Government Pension Scheme Hampshire Pension Fund Retirement declaration form Explanatory notes Please read these notes before completing the enclosed form. What is the form about? You need to provide

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

Benefi t Form annuity purchase discharge. Bank of Scotland Share Dealing Self Invested Personal Pension

Benefi t Form annuity purchase discharge. Bank of Scotland Share Dealing Self Invested Personal Pension Benefi t Form annuity purchase discharge Bank of Scotland Share Dealing Self Invested Personal Pension Benefi t Form This benefit form must be completed if you wish to purchase a lifetime annuity and would

More information

Annuity Open Market Option Request

Annuity Open Market Option Request SIPP Annuity Open Market Option Request JHAY0820 Application Guide This form is to be used when you wish to exercise the Open Market Option to purchase a lifetime annuity. James Hay Partnership will pay

More information

SIPP benefit form drawdown and lump sum payments

SIPP benefit form drawdown and lump sum payments Stockbrokers SIPP benefit form drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a lump sum or income drawdown. If you want to take an annuity

More information

Preparing for 6 April 2015 Are you ready for Question Time?

Preparing for 6 April 2015 Are you ready for Question Time? Are you ready for Question Time? Background The new flexible pension regime will come into effect on 6 April 2015 There is already extensive press coverage of the changes In understanding the changes it

More information

Personal Retirement Savings Account (PRSA)

Personal Retirement Savings Account (PRSA) Personal Retirement Savings Account (PRSA) Transfer In Application Form Brokerage Please complete sections 1, 2, 3, 4 and 5 in all cases, plus the relevant sections outlined below. Section 1 Contributor

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

Cessation of employment

Cessation of employment SR1 04/12 Cessation of employment Benefit application form Before you start Before you complete this benefit application form, please read the CSS Product Disclosure Statement. This form and the Explanatory

More information

PROOF FOR INTERNAL USE ONLY. Open market option instruction. For customers and scheme trustees

PROOF FOR INTERNAL USE ONLY. Open market option instruction. For customers and scheme trustees For customers and scheme trustees Open market option instruction Please read these notes before filling in this instruction About this instruction Only complete this instruction if you want to use the

More information

Just Retirement Fixed Term Annuity Application Form

Just Retirement Fixed Term Annuity Application Form Just Retirement Fixed Term Annuity Application Form You should make sure you ve read the Key Features Document and the Conditions of the Just Retirement Fixed Term Annuity before you apply. About this

More information

Other u please specify. National Insurance number

Other u please specify. National Insurance number Application reference number For office use only Benefit Crystallisation Event Request applying for an annuity with another provider *SFBCY0400F* For use with the Collective Retirement Account (CRA) For

More information

1.5 Do you have a National Insurance number? You can find this on a payslip or a letter from HMRC or DWP. Mobile

1.5 Do you have a National Insurance number? You can find this on a payslip or a letter from HMRC or DWP. Mobile The FundsNetwork Pension Uncrystallised Funds Pension Lump Sum withdrawal form Please complete the form in BLOCK CAPITALS using black ink. You should use this form to take an Uncrystallised Funds Pension

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

Pension Annuity (including the Enhanced Pension Annuity)

Pension Annuity (including the Enhanced Pension Annuity) Pension Annuity (including the Enhanced Pension Annuity) Terms and Conditions Retirement Investments Insurance Health Retirement Investments Insurance Health Retirement Investments Insurance Health Welcome

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

THE SIT SIPP. Self Invested Personal Pension. Benefit Form annuity purchase discharge form

THE SIT SIPP. Self Invested Personal Pension. Benefit Form annuity purchase discharge form THE SIT SIPP Self Invested Personal Pension Benefit Form annuity purchase discharge form The SIT SIPP Benefit Form - annuity purchase discharge form This benefit form must be completed if you wish to purchase

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

BUDGET AND FINANCE ACT 2011 FREQUENTLY ASKED QUESTIONS

BUDGET AND FINANCE ACT 2011 FREQUENTLY ASKED QUESTIONS BUDGET AND FINANCE ACT 2011 FREQUENTLY ASKED QUESTIONS Q1) What impact does the Finance & Budget Act 2011 have on my Pension? Answer: The vast majority of individuals with pension schemes will not be affected

More information

COMPLETE SOLUTIONS COMPANY PENSION PLAN

COMPLETE SOLUTIONS COMPANY PENSION PLAN PENSIONS INVESTMENTS LIFE INSURANCE COMPLETE SOLUTIONS COMPANY PENSION PLAN APPLICATION DETAILS PLEASE READ THE QUESTIONS CAREFULLY BEFORE ANSWERING THEM AND USE BLOCK CAPITALS. If any item is blank or

More information

A brief guide to the pension provisions of the Family Law Acts

A brief guide to the pension provisions of the Family Law Acts A brief guide to the pension provisions of the Family Law Acts www.pensionsauthority.ie The Pensions Authority Verschoyle House 28/30 Lower Mount Street Dublin 2 Tel: (01) 613 1900 Locall: 1890 65 65 65

More information

(Buyout and occupational pension schemes)

(Buyout and occupational pension schemes) For customers and scheme trustees Instruction to buy a pension from Aegon (Buyout and occupational pension schemes) About this form This is your instruction to buy a pension from Aegon. Aegon is a brand

More information

O P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET

O P Q RETIREMENT & DEATH BENEFITS PLAN. For Employees of The OPQ Company MEMBERS' BOOKLET O P Q RETIREMENT & DEATH BENEFITS PLAN For Employees of The OPQ Company MEMBERS' BOOKLET 2014 EDITION Reviewed January 2014 INTRODUCTION This booklet is an overview of the main benefits and conditions

More information

Personal Retirement Bond Application Form

Personal Retirement Bond Application Form Personal Retirement Bond Application Form SECTION A: PRB HOLDER DETAILS First Name: Surname: Title: Address: Date of Birth: Email Address: Phone No: PPS/Tax Reference Number (evidence required): Marital

More information

SIPP benefit form income drawdown and lump sum payments

SIPP benefit form income drawdown and lump sum payments SIPP ISA Dealing Junior ISA SIPP benefit form income drawdown and lump sum payments Please complete this form if you want to access your pension and take income as lump sums or income drawdown. If you

More information

WILLIS. Self Administered Pensions and Application Form

WILLIS. Self Administered Pensions and Application Form WILLIS Self Administered Pensions and Application Form Your Trusted Partners in Executive Retirement Options Retirement planning solutions for executives, proprietary directors and key employees are often

More information

Halifax Share Dealing SIPP

Halifax Share Dealing SIPP Halifax Share Dealing SIPP Benefit form - annuity purchase discharge form This benefit form must be completed if you wish to purchase a lifetime annuity and would like AJ Bell Management Limited to pay

More information

pension income plus pension income plus annuity Annuity

pension income plus pension income plus annuity Annuity No ID or age evidence required pension income plus pension income plus annuity Annuity Application Form For Financial Adviser completion only Adviser Financial Services Register number Adviser email address

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

RETIREMENT BENEFITS SCHEME

RETIREMENT BENEFITS SCHEME RETIREMENT BENEFITS SCHEME An employee of the Royal College of Art aged between 18 and 63 has the opportunity to join the Retirement Benefits Scheme. Subject to the rules, the Trustees of the Scheme will

More information

Deferred Benefits Claim Form - (AW8P)

Deferred Benefits Claim Form - (AW8P) Deferred Benefits Claim Form - (AW8P) Before completing this form please read the Retirement Booklet and the guidance notes at the back of this form Part 1 - Scheme Reference Number Please enter your NHS

More information

Redundancy. Benefit application form. Before you start SRR1 01/14. What we need from you. What you can expect from us

Redundancy. Benefit application form. Before you start SRR1 01/14. What we need from you. What you can expect from us SRR1 01/14 Redundancy Benefit application form Before you start Before you complete this benefit application form, please read the CSS Product Disclosure Statement. This form and the Explanatory notes

More information

THE SIT SIPP. Self Invested Personal Pension. Benefit Form drawdown and lump sum payments

THE SIT SIPP. Self Invested Personal Pension. Benefit Form drawdown and lump sum payments THE SIT SIPP Self Invested Personal Pension Benefit Form drawdown and lump sum payments The SIT SIPP Benefit Form - drawdown and lump sum payments Please complete this form if you want to access your pension

More information

Please use BLOCK CAPITALS only and blue or black ink, ticking boxes where appropriate.

Please use BLOCK CAPITALS only and blue or black ink, ticking boxes where appropriate. TD Direct Investing SIPP benefit form - annuity purchase discharge form SIPP benefit form - annuity purchase discharge form This benefit form must be completed if you wish to purchase a lifetime annuity

More information

Application Form. Before you complete this form. For Intermediary completion only. No ID or age evidence required

Application Form. Before you complete this form. For Intermediary completion only. No ID or age evidence required No ID or age evidence required PENSION Pension Annuity Annuity Application Form Before you complete this form n n Please read the key features document, as it contains important information about your

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

Sippchoice Bespoke SIPP

Sippchoice Bespoke SIPP Sippchoice Bespoke SIPP Application Form (from 1 October 2015) Please indicate the unique reference number shown on the Key Features Illustration that you received with this application. Failure to complete

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

APPLICATION & INCOME PAYMENT FORM FOR ANNUITY QUOTATION REF: A Q INCLUDING EXISTING PRUDENTIAL PENSION FUND(S)

APPLICATION & INCOME PAYMENT FORM FOR ANNUITY QUOTATION REF: A Q INCLUDING EXISTING PRUDENTIAL PENSION FUND(S) APPLICATION & INCOME PAYMENT FORM FOR ANNUITY QUOTATION REF: A Q INCLUDING EXISTING PRUDENTIAL PENSION FUND(S) Please add the full reference for the annuity you are accepting. Please use black ink and

More information

Small lump sum claim form. Individual pension plan

Small lump sum claim form. Individual pension plan Small lump sum claim form Individual pension plan Your guide to small lump sum payments You are entitled to free guidance about your retirement options. The Government has set up a free guidance service

More information

For customers Aegon buyout plan with protected tax-free cash drawdown pension option

For customers Aegon buyout plan with protected tax-free cash drawdown pension option For customers Aegon buyout plan with protected tax-free cash drawdown pension option Please read these notes before filling in this form About this form Words in bold are defined terms that we explain

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

Superannuation and Deferred Annuity Redemption / transfer form

Superannuation and Deferred Annuity Redemption / transfer form Superannuation and Deferred Annuity Redemption / transfer form This form is to be used when redeeming your superannuation benefit from the Zurich Deferred Annuity or from the Zurich Master Superannuation

More information

The ITC SSAS APPLICATION PACK. www.independent-trustee.com

The ITC SSAS APPLICATION PACK. www.independent-trustee.com APPLICATION PACK www.independent-trustee.com Application Form Personal Details Title Surname Marital status First name Date of Birth Gender (If divorced, please provide a copy of the Pension Adjustment

More information

Stocks and Shares ISA. Application form 2015/16

Stocks and Shares ISA. Application form 2015/16 Stocks and Shares ISA Application form 2015/16 10057 Stocks and Shares ISA Application form 2015/16 You can also apply for a Stocks and Shares ISA online at www.alliancetrustsavings.co.uk/isa This form

More information

Employee Application Form

Employee Application Form Defined Contribution Social Housing Pension Scheme (SHPS) Employee Application Form Defined Contribution (DC) Structure Membership Number To be completed by The Pensions Trust: M PLEASE COMPLETE SECTIONS

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

THE UNIVERSITY OF DUBLIN TRINITY COLLEGE PENSION SCHEME CONSIDERATIONS WHEN TAKING A TAX-FREE LUMP SUM

THE UNIVERSITY OF DUBLIN TRINITY COLLEGE PENSION SCHEME CONSIDERATIONS WHEN TAKING A TAX-FREE LUMP SUM THE UNIVERSITY OF DUBLIN TRINITY COLLEGE PENSION SCHEME CONSIDERATIONS WHEN TAKING A TAX-FREE LUMP SUM WHAT YOU SHOULD CONSIDER WHEN DECIDING TO EXCHANGE PENSION FOR A TAX-FREE LUMP SUM If you are close

More information

Benefi t Form Income Drawdown and Lump Sum Payments. IWeb Share Dealing Self Invested Personal Pension

Benefi t Form Income Drawdown and Lump Sum Payments. IWeb Share Dealing Self Invested Personal Pension Benefi t Form Income Drawdown and Lump Sum Payments IWeb Share Dealing Self Invested Personal Pension Benefi t Form Important tes Please complete this form if you want to access your pension and take benefits

More information

Multi-Platform Open Annuity

Multi-Platform Open Annuity Multi-Platform Open Annuity Application Form Powered by the London & Colonial... Upgradable, Capable, Flexible www.londoncolonial.com Multi-Platform Open Annuity Form To London & Colonial Assurance PLC:

More information

Your application form

Your application form Your application form Guaranteed Annuity You can use this application if you want to set up a Retirement Advantage Guaranteed Annuity and: You have not applied for fixed, primary or enhanced protection

More information

PPS RETIREMENT ANNUITY

PPS RETIREMENT ANNUITY PPS RETIREMENT ANNUITY APPLICATION FORM PROFESSIONAL PROVIDENT SOCIETY INVESTMENTS PROPRIETARY LIMITED ( PPS INVESTMENTS ) CLIENT SERVICE CENTRE CONTACT DETAILS TEL: 0861 777 723 (0861 PPS RAF) FAX: 021

More information

Pension Taxation Issues. 2. This paper deals with a number of topical issues in the general area of pension taxation.

Pension Taxation Issues. 2. This paper deals with a number of topical issues in the general area of pension taxation. TSG 10/23 Pension Taxation Issues Introduction 1. Over half of people in employment are covered by supplementary or private pension arrangements, including close to 850,000 private and public sector employees

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

National Electrical Annuity Plan Lump Sum Benefit Application

National Electrical Annuity Plan Lump Sum Benefit Application National Electrical Annuity Plan Lump Sum Benefit Application To avoid delays in the processing and payment of your benefit, please follow these instructions carefully and completely. 1. Print all information

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

Death Benefit Request Form

Death Benefit Request Form Death Benefit Request Form For commencing benefits to a beneficiary when a member has died. This form should be completed and signed by the nominated beneficiary. We require a separate form to be completed

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

Retirement Account. Application Form (Where no Flexible Account is required) No ID or age evidence required. For Financial Adviser completion only

Retirement Account. Application Form (Where no Flexible Account is required) No ID or age evidence required. For Financial Adviser completion only This form is only suitable when applying for two or more plans. If applying for one plan, please use the standalone form for that plan only. No ID or age evidence required Retirement Account Application

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

Medical Card and GP Visit Card Application Form - People Aged 70 Years or Older MC1(a)

Medical Card and GP Visit Card Application Form - People Aged 70 Years or Older MC1(a) Medical Card and GP Visit Card Application Form - People Aged 70 Years or Older MC1(a) Who should use this form? People 70 years of age or older and their spouse or partner should use this form when applying

More information