A Personal Retirement Bond
A Personal retirement Bond (PRB) consolidates your old employer pension into a lump sum in your sole name. You can use it to take your entitlement with you when changing jobs without having to transfer to your new employer’s pension scheme.
◗ There’s no need to transfer to your new employer’s scheme.
◗ You choose the investment fund(s) that your money is invested in.
◗ You choose when to take your benefits – available from age 50. .
◗ Any investment growth is tax free.