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Buyout Bond or transfer into current DC Pension

wallym · 2016-07-18 09:53:03

Hi There, Looking for some advice on a dormant pension I have with about 150k euro in it. I'm trying to decide if a buyout bond gives me a better investment choice or should I transfer it into my current employers DC plan which has a range of funds costing between 0.3% and 0.8%. I'm tending towards the DC plan as any of…

18-07-2016 10:53am

#1

wallym

Registered Users Posts: 5 ✭

Join Date: January 2010

Posts: 4

Hi There,

Looking for some advice on a dormant pension I have with about 150k euro in it. I'm trying to decide if a buyout bond gives me a better investment choice or should I transfer it into my current employers DC plan which has a range of funds costing between 0.3% and 0.8%. I'm tending towards the DC plan as any of the investment offerings I've seen look like they have a lot or cost overheads. Appreciate any help on this.

Cheers,
Wally...

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Comments

#2 19-07-2016 1:32pm

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17395

Get proper advice on this. The key attraction of a B.O.B. is one of control. If costs are reasonable it makes sense to use one.

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#3 19-07-2016 10:13pm

The J Stands for Jay

Registered Users, Registered Users 2 Posts: 5,786 ✭✭✭

Join Date: November 2009

Posts: 5699

If you pit it in the BOB, you can draw down from age 50. If you put it in your current scheme, you'll probably have lower charges.

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