Irish Life Health
Welcome to Ireland’s newest health Insurer, Irish Life Health. Bringing fresh options and innovation to the health insurance market.
Irish Life
Irish Life the largest life and pensions group and fund manager in Ireland, employing 2,000 people and servicing one million customers.
Irish Life Investment Managers
Managing assets in excess 39bn, ILIM manages money on behalf of multinational corporations, charities and domestics.

Leaving Service Options

Leaving service options are choices available to you regarding your pension when you leave an employer whose pension plan you have been paying into. If you plan to leave your current employer by changing jobs, moving overseas or are retiring, there are a few things you need to consider.

And we’ve covered the basics to help get you started.

To help you better understand your options, you first need to decide which best describes your situation:

Are you over 50 and leaving or have left your employer?

What happens if I change jobs?

 If you change jobs within two years qualifying service* you may have some options; like a refund less tax, a transfer to another pension or, in some cases, your old employer may allow you to leave the money invested. After more than two years qualifying service in the pension plan you will have some options for the retirement savings you have built up during your time with the company. The rules around these options are specific to your company plan.

* Qualifying Service means service completed as a member of the Plan. Similar service completed in another Company plan, or in another plan from which a transfer value has been paid, will also be counted as Qualifying Service.

You should receive a Statement of Leaving Service options within 2 months of leaving your employer and this will set out the options available to you. Please refer to your member guide for more information or call us on 01 704 2000 or email quoting your member number.

What happens if I move abroad?

 It doesn’t matter where in the world you are; it shouldn’t stop you from saving for your future. We deal with transfers abroad on an individual basis so please email or phone 01 704 1845 and we will be happy to talk you through the process.

What happens at retirement?

 Are you closer to retirement and want more information to help you start planning?

Don’t worry, we’ve got you covered.

Our retirement centre covers all aspects of retirement planning including budget calculators, answers to frequently asked retirement planning questions as well as your options for life after work.

What are my retirement options?

 Understanding the options available to you at retirement can be overwhelming. And knowing how you will take your pension is one the biggest decisions you will make.  Our retirement centre covers this and more.

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What is the retirement cash lump sum?

 How you take your cash lump sum on retirement will depend on the type of pension savings arrangement you have.

Learn more

What is an ARF?

 Approved Retirement Funds or ARF are special investment funds which can give you increased flexibility in terms of how you use your pension fund after retirement.

Learn more

What is an annuity?

 When you retire, some or all your pension fund can be used to purchase a lifetime retirement pension which is also called an annuity.

Find out more


We've prepared a checklist to help you understand what documents we require from you before we can pay your benefits securely and as quickly as possible.

Please click here to view the checklist.

How to videos




General information

Still have questions? Our corporate pensions team are on hand to support you with questions regarding your workplace pension, you can email us at - or call us on - 01 704 2000. Please remember to quote your member number.

Financial Advice 

If you’re thinking about how you’ll draw down your pension but don’t know where to start, contact your financial advisor. If you do not have one you can request a call back from an Irish Life Financial Services Advisor by clicking here.