Personal Retirement Bonds

Personal Retirement Bonds (PRBs)

A Personal Retirement Bond (PRB), which is also sometimes known as a Buy-Out-Bond, is used by the trustees of a pension scheme to buy retirement benefits for former members of their pension scheme. A PRB is a personal policy in the name of the PRB holder.

When a member leaves a pension scheme, the value of their fund when they leave the pension scheme is invested in the bond. When they retire, they can then use the proceeds of the PRB to provide retirement benefits.

Why choose an Irish Life Corporate Business PRB?

We offer an extensive range of investment options supported by internet capabilities and a dedicated administration area for Personal Retirement bonds. The following are some of the reasons why you might want to choose Irish Life Corporate Business for your Personal Retirement Bond:

  • We offer competitive terms, in particular where a number of bonds are purchased together
  • The PRB holder will receive first-class communications, such as an annual consumer statement clearly outlining their entitlements and detailed documentation on joining
  • The PRB holder can check up on their value at any time by using our internet offering, Pension Planet Interactive
  • The PRB holder can choose from a wide range of investment options to meet their needs. To see all the investment options available for PRB holders click here for more detail.
  • There are no monthly charges levied on PRB holders.

When can a PRB be used?

  • When leaving employment
  • When leaving a pension scheme or
  • For large-scale withdrawals, such as a scheme winding up


More Information

If you are interested in a Personal Retirement Bond contact your financial advisor or our sales support team on 01 704 2000 or email


WARNING: If you invest in this product you will not have access to your money until your retirement date.
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: The value of the fund may be affected by changes in currency exchange rates.