Attention Defined Benefit Scheme Members.
Are you considering taking a transfer value from a DB scheme ?
On 22 June 2016, the Revenue extended the Approved Retirement Fund (ARF) option to all Personal Retirement Bond (PRB) contracts, regardless of when they were established or from where the transfer value came - whether Defined Contribution (DC) or Defined Benefit (DB) scheme.
By transferring from a DB scheme to a Personal Retirement Bond it may offer more flexibility - both with how benefits are taken and investment choice.
Option to consider taking the traditional benefit route or 25% tax free lump sum and ARF
Investment choice - such as buying a residential or commercial property
Early access from age 50 onwards even if working in new employment or self employed.
WARNING : The decision to voluntarily take a transfer value from a DB scheme in lieu of retaining a deferred pension, should NOT be made solely on the basis of ability to access benefits under the ARF option.
WARNING : A guaranteed pension income for your lifetime may be the better option - for example, a higher tax free lump sum and pension income is guaranteed.
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | office@nelsonlife.ie
RETIREMENT & PENSIONS | INVESTMENTS | FINANCIAL PLANNING | LIFE INSURANCE
Nelson Life Limited trading as Nelson Life is regulated by the Central Bank of Ireland.
WARNING: Past performance is not a reliable guide to future performance. WARNING: The value of your investment may go down as well as up. WARNING: You may lose some or all of the money you invest. WARNING: These funds may be affected by changes in currency exchange rates. WARNING: If you invest into this product you will have access until you retire (Pension Products). WARNING: The above content does not constitute investment advice, as it does not take into account the investment objectives, knowledge and experience of financial situation of any particular person. Prospective investors are advised to make their own assessment of the information contained herein and to obtain professional advice suitable to their own individual circumstances. WARNING: The information contained in this document is based on our understanding of current tax legislation and the current Revenue Commissioners interpretation thereof and is subject to change including retrospectively without notice. This is intended as a general guide only and is not a substitute for professional tax, legal and investment advice.