Synergy Executive Pension

Information for existing Executive Pension clients

Closed to new business

We're not currently accepting applications for new Synergy Executive Pensions. This is because of increased governance costs introduced under IORP II, as well as the requirement for these schemes to produce a full Annual Report and audited accounts.

Compliance with IORPII requirements has had a significant impact on the role of trustees for Synergy Executive Pensions. You can find out more here or at pensionsauthority.ie

For existing Synergy Executive Pension clients

Existing clients holding a Synergy Executive Pension have a company pension set up by their employer and held in trust. It’s usually for company directors and senior employees. Contributions can be made by employers and/or employee. These can stop, change and restart at any time, and all qualify for tax relief within Revenue limits.
If you’re thinking of recommending to your client that they appoint an independent trustee to their Synergy Executive Pension, make sure you get all the information you need from the ‘Trustee support’ documents in our literature library.

Policy holders also have the option to transfer Personal Retirement Savings Accounts (PRSAs), Additional Voluntary Contributions (AVCs), buy out bonds or other company pension schemes into their executive pension. They can also choose where they’d like to invest.

Find out more about our recently updated terms for top ups to Synergy Executive Pensions.

Investment options

Clients can invest in Synergy Executive Pension funds, which you can view on our Fund Centre. The exceptions are the Property Fund and Global Real Estate Fund – you can find out more about that here. They can also invest in MyFolio funds.