Synergy Buy Out Bond

The Synergy Buy Out Bond could be ideal for you if you have money invested in a previous employer's pension scheme and if you want to control your retirement fund. It's a single premium pension policy that allows your money to grow tax-free until you retire and gives you access to an exciting range of investment funds.

The main objective of a buy out bond is to build up a retirement fund.

Making your investment

You can transfer €5,000 or more from a previous company pension scheme into the Synergy Buy Out Bond.
The contract must be in force at least 6 months before you retire.

Flexibility

You can choose from a wide range of asset class funds, such as equity, property, fixed interest or cash funds or you can opt for a broad selection of mixed portfolio funds to match your risk profile.
You can switch from one fund to another whenever you want.

Access to your money

The Synergy Buy Out Bond is designed for medium to long term investments and normally only accessible when you retire.
Early encashment charges will apply if you decide to take money out within the first five years of contract.

Your investment options

Our Synergy Buy Out Bond includes a huge range of investment options so you can decide how and where your money is invested.

Synergy funds: You can achieve the diversification you need within your portfolio thanks to a selection of different investment styles including Actively Managed, Multi-manager, and Index Tracking. See the Investment Options guide for the full list of funds.
Direct property: Invest in your choice of any suitable residential and commercial property in Ireland and the UK.
Shares: You can choose from a selection of stock broking options including Execution only, Discretionary and Advisory.
Fixed term bank deposit: You can choose to have your money earn interest in a fixed term bank deposit account.

You can find more information in our Investment Options guide and the Property guide.

Tax

You can transfer any company pension scheme fund into a buy out bond to allow your money to continue to grow tax-free until you retire.
Please see Key Features document for further information.

What happens next?

Before you take out a Synergy Buy Out Bond with us, you'll need to speak to your financial adviser to get a brochure, an Illustration (of benefits and charges), a Key Features document and an Investment Options guide.

Important things to consider….

You should not base your decision to take out this bond solely on the information we have provided here.

Different forms of investment have different levels of risk, so we strongly recommend that you get advice from your financial adviser before choosing what's most appropriate. Warning: The value of your investment may go down as well as up.

The information we have given is based on our understanding of Irish law and Revenue practice as at May 2010. Tax and legislation may change in the future.

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