AIB Executive Pension Plan (EPP)

The AIB Executive Pension Plan is designed as a tax efficient investment plan, suitable for directors of limited companies, senior executives and employees, who wish to invest more tax-efficiently towards their future & their retirement. Directors who invest via a pension plan have access to generous Government incentives (tax reliefs as outlined below) that are not available via other savings or investment plans. Pensions can be one of the most efficient vehicles to use when investing your surplus income over the longer term.

Who this plan suits?

This plan is designed for directors of limited companies, senior executives and other high-value employees in non-pensionable employment who;

• Wish to invest a % of the companies profits into a tax-efficient retirement plan
• Wish to build & manage their personal and company’s wealth more tax-efficiently 
• Wish to build a pension fund sufficient to maintain their standard of living in retirement
• Want to invest in a range of equity, property based funds &/or secure funds

Additional Features/Information

(For full terms & conditions of each of these features and for eligibility please arrange an appointment with an AIB Financial Adviser who will explain the features, terms and conditions in full)

• Company contributions to your plan - In the years when your company can afford to do so, it can make large contributions to a director’s pension plan (within certain funding limits), without the director incurring any tax liability. 
• Personal contributions - The Government will give policyholders tax relief on contributions, at the highest marginal rate of tax they pay, for contributions of up to 15 to 40% of earnings (depending on age) . 
• Bonuses on regular contribution plans - On the tenth anniversary and every fifth anniversary thereafter there is a loyalty bonus added to the Policy. The loyalty bonus is equal to 5% of the value of units allocated to the policy in respect of regular contributions. This is subject to the terms and conditions outlined in the product brochure, which is available from your AIB Financial Adviser.
•  Investment of contributions - Through the AIB Executive Pension Plan, contributions will be invested - together with those of many other pension customers - in funds which are managed, on a day-to-day basis by Aviva Investors.
• One fund, the AIB Invest Managed Fund, is managed by AIB Investment Managers (AIBIM) - and another (the AIB Multimanager fund) by a team of external specialists, selected by AIBIM (AIBIM manages the Irish equity, fixed interest and property elements of the Multimanager Fund).

This information is based on AIB's understanding of current law, tax and Revenue pratice, September 2008.

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