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Transfer Pensions From:

The 3 most popular reasons to transfer your pension

Step 1
Pension tax free lump sum (at 50)

In some cases, you may be able to access up to 25% of your pension tax free at age 50, instead of waiting until retirement.

Step 2
Higher Returns

Often the idea of a pension transfer is attractive because another pension provider is offering better annual returns, risk exposure, investment strategies or management rates than your current provider.

Step 3
Improved Control

Multiple small pension pots become difficult to manage and review. Often it makes sense to consolidate all your funds into a single diversified high-growth fund.

Should I Transfer My Pension?

Pensions are the best way to build tax-free wealth in Ireland but a large retirement pot won’t help us pay for university fees, school books or help clear our mortgage debts.

However, If you have pension savings built up with an ex-employer, you can transfer those benefits and access up to 25% of your pension tax free at age 50.

This feature gives you an opportunity to gain some liquidity at a time in our lives when we need it.

This coupled with the fact that you can now control the pension better means the remaining 75% can be left to grow until your retirement.