Pensions - Hibernian Low Cost PRSA

Hibernian Aviva Health

By setting up your PRSA on a nil commission basis through LABrokers you save 5% on each and every contribution you make to the plan for the life of the plan.

The product LABrokers offer you is exactly the same as you would get through a Hibernian channel elsewhere except we have decided to distribute Hibernian's PRSA on a much lower profit margin.

This philosophy works to your immediate advantage now and in the years to come.

Charges:

The only charge is the 1% pa management charge. There is NO 5% charge.

  • Actual Allocation:- 100%
  • Max annual management charge:- 1%
  • Bid offer spread:- 0%

Funds:

Hibernian Cash Fund Bond Fund
Hibernian Long-Term Bond Fund Hibernian Consensus Managed Fund
Hibernian Irish Property Fund Hibernian Balanced Managed Fund
Hibernian Focused Managed Fund Hibernian Merrion Managed Fund
Hibernian KBCAM Pension Managed Fund Hibernian AIBIM Managed Fund
Hibernian BIAM Pension Managed Fund Hibernian Euro Managed Fund
Hibernian International Equity Fund Hibernian High Yield Equity Fund
or the Default Investment Strategy

Options:

  • It is possible to stop paying into the PRSA fund at any time until you are ready to contribute again.
  • You can make a lump sum contribution to your PRSA fund at any stage.
  • There is an option to automatically increase contributions each year so that inflation doesn't erode the value of these over time.
  • You can move your pension contributions between the available range of investment funds at any time.

Contributions:

  • Minimum contribution: €25 per month
  • If you are in a company scheme, you can elect to make further tax-deductible contributions through an Additional Voluntary Contribution (AVC) PRSA.

The contract is between you and Hibernian Life & Pensions and Hibernian administer the product. On commencement of your PRSA Hibernian will post all policy documentation to you. There is NO charge to the client for this execution only service. Hibernian may pay LABrokers a fee from their profits based on the total volume and persistency of all our PRSA business placed with them and that's how we earn on the transaction

LABrokers cannot offer you any financial advice on this product but there is nothing stopping you doing your research elsewhere and then placing the business with LABrokers on discounted terms. Having said that you will find most of what you need in our information pack.
Apply for further information

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