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Pension Annuity

Buying Certainty


As you approach retirement age, one of your retirement options may be to purchase an annuity. This is initiated by the pension company that have been managing your pension fund/s.


You will be offered an annuity rate from this company and also be made aware that you are free to purchase your annuity elsewhere.

This option is referred to as an 'Open Market Option'. This means that you can move your retirement fund to the company that will offer you the best annuity rate available in the open market.

This type of Annuity is also referred to as a 'Compulsory Purchase Annuity' ie where the money being used to purchase the annuity/pension is coming from a pension fund.

You may use this site if you have an occupational pension scheme and are forced to buy an annuity with the remaining fund; after you take your tax-fee-cash



I am a Financial Advisor who is authorised to provide broad based financial advice in relation to Personal Retirement Savings Accounts (PRSAs), Pensions and other Insured Investment Products.

My office is in Cahir, Co. Tipperary and the advisory service I provide is serviced from there.

This website is handing the responsibility of product selection and investment choice back to you so that you save on commission and the cost of advice.

You do your own research and buy a low cost Pension Annuity.

I hope that you find this website appropriate to your needs and that you can use the products and information to take control of your Retirement Income.

Gerard Sheehy

Modern Structure

PRSAs and Pensions

Pensions and PRSAs (AVCs) with an annual management charge of 1% and 0% contribution charge

No entry or exit charges on all products

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