
Learn How To:
- Locate your previous pension
- Request an up to date Pensions Benefit Statement from your previous employer/Pension provider
- Request a transfer Value from your previous employer,
- Assess your options in relation to access, the benefits left to your family on death and the tax implications of the various options available if you get offered an enhanced transfer value.
Once an employee leaves a pensionable employment, the following 4 options are available in relation to this "paid-up" pension, they are as follows:
1. Leave it where it is, in the Previous Company’s Pension Scheme
2. Transfer it into your New Employers Pension Scheme
3. Transfer it into a Personal Retirement Bond
4. Transfer in into a PRSA
These 4 options all have their advantages and disadvantages and there is no definite correct answer for all cases. It is important for you to research your options and choose the best one that suits your circumstances.
Enhanced Transfer Values Explained (ETV’s)
Corporations that offer a Defined Benefit Pension to their employees have recently been offering members of their scheme an alternative method of drawing down their pension. A legislation change in June 2016 has allowed this new option to be offered. This option can have some very tangible benefits for both the Company and the member (either a current or deferred member).
Before embarking on any major investment plan in equities and bonds, the reader is well advised to ensure that the basic necessities of life are fulfilled.

OUR EXPERTISE IS FOR SHARING
In order for you to make the best and informed financial decision in relation to your previous/deferred pension, it is important to consider the following;