What is a Personal Retirement Bond?
A retirement bond is a unit linked pension plan which allows you to invest single contributions. It is normally taken out by someone who is leaving a company pension, usually due to them leaving their current employer. Sometimes it is called a Buy Out Bond or a Transfer Bond. It is a portable pension pot that you own and have complete control over.
Aviva Personal Retirement Bond at a glance
Minimum contribution
Single contribution €5,000
Investment Choice
We offer a wide range of investment funds to choose from
Aviva My Future ESG Lifestyle Strategy
Personalised and cost-effective default pension savings strategy
Online Service
View key policy information & access online tools
| Warning: Due to the nature of this product, it is important to ensure that it remains suitable for you. We recommend that you engage with your financial advisor on a regular basis to ensure its ongoing suitability Warning: If you invest in this product, you may lose some, or all, of the money you invest. Warning: The value of your investment may go down as well as up. Warning: The income you earn from this investment may go down as well as up. Warning: This product may be affected by changes in currency exchange rates. |
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Why would I need a pension?
If you want to improve your income in retirement and don’t want to rely solely on the State Pension to provide your income in retirement – you will need to plan your retirement now, because it really is your responsibility, no one else is going to do it for you.
How prepared are you for retirement?
At Aviva, we have carried out extensive research across Ireland to explore just how adequately we are prepared for our retirement. We discovered that 43% of 35-54-year olds expect financial hardship in retirement and 60% have inadequate retirement funds. Overall, half of our population is likely to carry some level of debt into retirement. (Source Aviva, September 2019).
Will you have enough money to enjoy your retirement?
Talk to an independent financial broker to find out how much you need to put into a pension today to ensure you enjoy the longest holiday of your life.
Is the Aviva Personal Retirement Bond right for you?
To invest in our Personal Retirement Bond you must be:
The Aviva Personal Retirement Bond may suit if you:
- Have left your company pension scheme and want to transfer your pension benefits into a Retirement Bond.
- Are a member of an existing pension scheme which is being wound up and you want to transfer your pension into a Retirement Bond.
- Are looking for a long term investment plan to provide for your retirement.
- Desire full ownership and control over your pension pot, independent of your former employer.
- Prefer a single contribution structure, with a minimum contribution of €5,000
- Want access to a broad range of investment options, including ESG-focused and lifestyle strategies.
- Are happy with the choice of funds into which you can invest your premium and are happy to take risk with the aim of generating returns.
- Are planning for retirement from age 50 onwards, and want the flexibility to choose between a tax free lump sum, annuity, or ARF.
- Appreciate transparent pricing, with competitive fund management charges and no switching fees.
- Are happy with the charges on this product.
- Value digital tools and support, with access to policy information and investment performance online.
The Aviva Personal Retirement Bond may NOT suit if you:
- Have not left your company pension scheme.
- Are a member of an existing pension scheme which is not being wound up.
- Are looking for a short term investment plan that will not be used for your retirement.
- Are not happy with the charges on this product.
- Are not happy with the choice of funds into which you can invest your premiums and are not happy to take risk to generate returns.
- Do not have at least €5,000 to transfer into this from an existing pension scheme.
- Want access to funds before age 50.
- Require capital guarantees.
- Are looking to make ongoing contributions (Retirement Bonds are single contribution only).
- Do not understand or accept investment risk.
Investments that work for you
Investing your money
We all have different preferences for how we like to invest and we aim to match our offering with your needs. With the help of your financial broker, you can opt for a simple ready-made multi-asset solution, a completely bespoke portfolio or something in-between.
Aviva My Future ESG Lifestyle Strategy
We focus on your pension, so you don't have to
This personalised and cost-effective default pension savings programme invests your contributions in funds on your behalf with the aim of managing the risks your money is exposed to throughout your journey to retirement.
Tools & Calculators
Fund Centre
How are you funds performing and where are they invested? Find out using our daily updated fund centre.
Frequently Asked Questions
When do I have to decide if I want a retirement bond? Show more Show less
You have up to two years after you leave a company pension to transfer your fund to a retirement bond. Outside of the two year period you can still transfer to a retirement bond but you will need the Trustees of the pension scheme to agree.
How is my retirement bond setup? Show more Show less
The bond is set up by the Trustees of your company pension. They apply for the bond in your name but once it is set up it belongs to you and the Trustees have no further involvement in it.
Who chooses the retirement bond? Show more Show less
You do. Even though the Trustees have to sign the application form, you can generally choose any retirement bond available in the market.
Can the Trustees transfer my fund to a retirement bond without my consent? Show more Show less
When transferring your pension fund on your behalf, the Trustee of your pension scheme must have your consent. However, there are certain circumstances whereby a Trustee can transfer your fund without your consent. These include but are not limited to:
- If a company pension scheme is closing or being wound up;
- If the transfer value of your fund is less than an amount set by the Pensions Act (which is currently €10,000 in November 2025) and provided that:
- You left the company at least 2 years ago,
- You have not already requested a transfer to a Retirement Bond or another pension arrangement to which your fund can be transferred, and
- You are notified at least 2 months before the Trustees intend to transfer the fund.
Where the value of your fund is greater than €10,000 the Trustees can apply to the Pensions Authority for approval to transfer your benefits. The Pensions Authority may approve such a transfer subject to certain criteria being met. For more details on this process we recommend that you talk to your Financial Broker.
Can I take my money out if I need it in the future? Show more Show less
Once you’ve put money into a retirement bond you can’t withdraw it until you reach at least age 60. There are two exceptions to this
- You can retire at any age due to ill health or
- If you have left service then you can access benefits from your Retirement Bond from age 50.
What happens if I have to retire early because of ill health? Show more Show less
If you qualify for ill health early retirement under Revenue rules, you can take benefits from your retirement bond immediately.
What happens if I die before I retire? Show more Show less
If you die before you retire, we’ll pay the value of your personal retirement bond to your personal representatives. In certain limited circumstances, the full value may not be payable as a lump sum. As with any inheritance, your beneficiaries may have to pay inheritance tax on any benefits we pay to them.
Can I use my Aviva personal retirement bond as security for a loan? Show more Show less
No. You can’t transfer the rights to your personal retirement bond to a bank or another institution as security for a loan.
What is the minimum term for setting up an Aviva personal retirement bond? Show more Show less
The minimum investment period for paying regular contributions to the Aviva personal retirement bond is 3 years.
How can Aviva accept the transfer payment? Show more Show less
Aviva can accept the transfer of the my payment by electronic funds transfer (EFT).
What are my options at retirement? Show more Show less
Our separate ‘Retirement Guide’ explains all of the various options that may be available to you at retirement or talk to a Financial Broker today!
Useful Documents
The document below is a downloadable PDF you can save or print.
Expert advice
Want expert advice on pensions and retirement? Contact your Financial Broker today.
News articles
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Warnings
Important information to consider.
| Warning: Due to the nature of this product, it is important to ensure that it remains suitable for you. We recommend that you engage with your financial advisor on a regular basis to ensure its ongoing suitability Warning: If you invest in this product, you may lose some, or all, of the money you invest. Warning: The value of your investment may go down as well as up. Warning: The income you earn from this investment may go down as well as up. Warning: This product may be affected by changes in currency exchange rates. |
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