Also referred to as Personal Retirement Bonds, a Buy Out Bond is an extremely flexible way to take the proceeds of your previous company pension. The advantages of investing in a Buy Out Bond are:
- You take ownership of the policy, there are no trustees
- Full range of investment options as any other pension product
- Access to funds if necessary from age 50
- Potential to transfer your Buy Out Bond into a new pension scheme in the future
If you leave employment due to redundancy or a career change, contact Terry here at Focus Life & Pensions to discuss your options. We can arrange for the scheme administrators to issue you with a Transfer Options Form, and identify what the best course of action is for you to take thereafter.