Your Personal Retirement Bond: what your old pension could become.

A Personal Retirement Bond (PRB) takes the pension you built with a former employer and keeps it invested in your own name. Enter the transfer value and your plans to see an illustration of the fund, the lump sum, and the income it could provide.

Other pensions: AVCs · Company & director pensions · Personal pension (PRSA) · ARF

Your PRB picture

An illustration from what you enter, at current 2026 rules. It shows a shape — not a recommendation of what to do with your pension.

Transfer value from your former employer's scheme (€)

The value your former scheme quotes for transferring out.

Your age

Planned retirement age

Assumed yearly growth (%)

Illustrative only — returns aren't guaranteed and won't be steady.

At an assumed 4% a year, €150,000 could grow to about €333,387 over 20 years.

Retirement lump sum: €83,347 (25% of the fund) — €83,347 tax-free and €0 tax on the lump sum.

Balance after the lump sum: €250,040.

Warning: These figures are estimates only. They are not a reliable guide to the future performance of your investment.

Illustration only — current 2026 rates — not advice or a quote

The value of investments can fall as well as rise, and past performance is not a reliable guide to the future.

Rates as at June 2026.

ARF — minimum draw

€10,002 a year

Flexible, stays invested — the income is not guaranteed.

Annuity — guide income

€14,002 a year

Guaranteed for life, level — using the 5.60% guide rate for age 65.

What is a Personal Retirement Bond?

When you leave an employer, you may be able to move the value of your pension from that employer's scheme into a Personal Retirement Bond: a pension in your own name, invested separately from any scheme you are in now.

In your name

The bond is yours, whoever you work for next.

Not new contributions

A PRB is for transferring an existing pension. Ongoing contributions go into a different pension, such as a PRSA or your new employer's scheme.

Your options at retirement

You can usually take a tax-free lump sum and then an ARF or an annuity, depending on the contract.

Before you transfer

Some schemes have benefits or guarantees that are lost on transfer.
Charges and investment choices differ between providers.
Whether you can transfer, and what you would receive, depends on your former scheme's rules.
We will talk through these with you on the callback — nothing here is a recommendation to transfer.

Can I add to a PRB?

Generally no — a PRB holds a transferred pension. Further saving usually goes into another pension.

Is a PRB the same as a PRSA?

No. A PRB holds benefits transferred from an employer scheme; a PRSA is a separate personal account you can contribute to.

Investment Warnings

Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: If you invest in this product, you may not have access to your money until you retire in accordance with the requirements of the Scheme Rules.

Warning: This product may be affected by changes in currency exchange rates.

Warning: Past performance is not a reliable guide to future performance.

Talk it through — no obligation

Transferring a pension is one of the bigger decisions you'll make. Your figures travel with the request so the conversation starts from your numbers.

There's no separate fee for life, pensions, investment or protection advice.