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In a few steps, this pathfinder tool will guide towards your requirements for transferring a pension into an existing or new Irish Life pension product.
Get an exact answer in just a few seconds.
Get Started Get an exact answer in just a few seconds.
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Source Organisation
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Source of Funds
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Destination Product
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Product Type
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Source Organisation of Transfer
Where are you transferring the pension from? Is it an external company or is it from an Irish Life source?
Source of Funds
What is the type of product that you are transferring these funds from?
Select the current product type using the buttons on the right. This is the product that your client is currently invested in and you want to move funds from.
Please contact your account manager for Corporate Business Claim Requirements
Destination Product
What type of product are you transferring the into?
Product Type
Is it an existing or new you are transferring the into?
EXTRA QUESTIONS
There are a few more questions to ask on this specific case in order to understand exactly what it is you are looking for.
Does the client have less than 15 years service in the pension scheme or in any company pension scheme with this employer or associated employer?
Yes NoIs the scheme winding up?
Yes NoIs the member leaving employment?
Yes NoIs the transfer value less than €10,000 or Has the member left employment without a preserved benefit?
Yes NoIs the pension scheme Defined Benefit (DB) or Defined Contribution (DC)?
DB DCIs the scheme winding up?
Yes NoIs the transfer value less than €10,000 or has the member left employment without a preserved benefit?
Yes NoPreserved Benefit: Members with more than two years qualifying service in the scheme on leaving employment are entitled to a preserved benefit under the Pensions Act
Qualifying Service is where:
- Member completed at least two years service in the pension scheme, or
- Member has at least two years service when combining the service in the scheme with service relating to any transfer value paid into the scheme
RESULT!
Everything you need to transfer an into a that is a .
BACK
Transfer out/In requirements
These are the forms or the other pieces of information that you need to be aware of to transfer out of the and into a
AVC Transfer Out Form Company Pension TV Out Form Personal Pension TV In Form PRB TV Out Form 5. PRSA TV Out Form Vested PRSA TV In Endorsement PRSA Application Form
or a written request from the customer
Written request from the customer
A written request from the customer (it can be noted on the PRSA TV In form)
Note: The transfer will not be paid until the receiving scheme is Revenue approved
Evidence of salary required for 20% directors and all independent trustee cases
Transfer In Requirements
These are the forms or the other pieces of information that you need to be aware of to transfer into a
Additional Info for PRSA AVCs ARF/AMRF Application Form AVC Transfer Out Form Company Pension Application Form Company Pension TV In Form Company Pension TV Out Form Evidence of Salary for 20% directors Personal Pension Application Form Personal Pension TV In Form PRB Application Form PRB TV Out Form PRSA Application Form PRSA AVC Application Form PRSA TV In Form PRSA TV Out Form Source of Investment Certificate Transfer Rules document TV In Requirements / Forms Vested PRSA TV In Endorsement
Note: PRSA AVC must be in respect of the same employment as the AVC Scheme
Note: Company Pension must be in respect of the same employment as the AVC Scheme
Note: Transfer can only be accepted where a scheme has been Revenue approved or an application for approval has been submitted.
Note: Transfer can only be accepted once the scheme is Revenue approved.
Note: Irish Life will only accept PRSA AVC can only transfer to company pension schemes in respect of the same employment.
Note: Certificate of Comparison required
Note: Company Pension must be in respect of the same employment as the AVC Scheme
Note: It is not possible to move an external AVC Scheme to an existing PRB
Note: It is not possible to move an AVC Scheme to an existing PRB
Note: Retirement benefits from the PRB must be taken at the same time as those from the main occupational pension scheme
Note: PRSA AVC must be in respect of the same employment
Note: Company Pension must be in respect of the same employment as the PRSA AVC
Confirmation of Investment choice is also required
Unfortunately it is not possible to top up an existing annuity. To set up a new annuity visit the Corporate Business website www.irishlifecorporatebusiness.ie/annuities
Unfortunately it is not possible to top up an existing annuity. To set up a new annuity a written request from the customer to transfer out and please visit the Corporate Business website www.irishlifecorporatebusiness.ie/annuities for annuity information.
To set up a new annuity visit the Corporate Business website www.irishlifecorporatebusiness.ie/annuities
Visit the Corporate Business website to get this information www.irishlifecorporatebusiness.ie
Note: Member must have less than 15 years scheme service
Note: IL cannot accept transfers from DB schemes where Cert of Benefit Comparison required
Top ups generally not allowed on PRBs / all benefits must be from same employment & schemes must have same trustees
Note: Evidence of Salary for 20% directors
Tops ups are generally not allowed on PRBs. The requirements above are for setting up a new PRB
Note: PRSA AVC can only transfer to company pension scheme in respect of the same employment
Note: IL will only accept company pension tranfser from different employment if member has left that employment
Note: AVC Scheme can only trasnfer to company pension scheme in respect of the same employment
Based on the client’s circumstances a transfer from a company pension to a PRSA is not allowed.
Irish Life can not facilitate this transfer type.
In all cases Irish Life may need to request further information from the transferring office. For more information please contact your Irish Life Account Manager.