The Pensions Authority publishes note on pension transfers outside the State

11 August 2015: Today the Pensions Authority published a note on pension transfers outside the State.

The Authority is aware of some occupational pension scheme members and PRSA contributors requesting transfers of their pension savings to arrangements established outside the State.

The purpose of this note is to:

• make members and contributors aware of some of the potential risks they should consider before making such a transfer, and
• outline for trustees and PRSA providers the circumstances in which a member or contributor is allowed to make such a transfer.

The note is available to view under 'Related Documents' and in the Regulation section under 'Guidance & FAQs'.

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For further information, contact:

David Malone
Head of Operations and Communications
The Pensions Authority
Tel (01) 6131900

Note to Editors

The Pensions Authority

The Pensions Authority (“the Authority”) is the statutory body established by the Pensions Act 1990 (“the Act”) to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Social Protection on overall pension policy development.