At KBC, we like to do things differently. And, that goes for pensions too.

We’re shaking things up with a new and revolutionary way to save for your retirement. You can now open a pension in the KBC App and manage it from your favourite device.

It’s that easy.

How we're doing different

 
Open a pension in the
KBC App in 4 simple steps.

Manage your pension from your favourite smart device.

Add to your pension pot regularly by direct debit.

Top up with once-off contributions whenever you like.

You’re in control. Increase, decrease and pause your contributions, free of charge or penalties.
Keep track in real time.
View your balance and pension performance anytime.

Paper free and manage in app. View your documents and statements in your app.

Plan ahead with our
pension calculator.

Support in hub and 24/7 by phone or web chat.
Value for money.
Competitive fees of 2.5% of each contribution made and 0.9% annual fund management fee.

Managed by KBC Group Asset Management.
With 70 years experience and over €100 billion assets under management*.

 

KBC Lifestyle PRSA - One simple plan has it all.

  • Flexible and portable.
  • Bring your PRSA from job to job without any charge.
  • Invests your money differently as you go through life.
  • Moves your money into lower risk investments as you get closer to retirement.
  • No need to make any investment decisions, we do that for you.
  • Start with as little as €25 per month or €300 per year.

More about the KBC Lifestyle PRSA

How your money is invested

Your money is invested to suit your life stage. If you’ve a while to go to retirement your money is invested in higher risk assets for potentially higher returns. As you move closer to retirement, we move your money into lower risk investments. We call this investment strategy ‘MyAutoinvest’.

Make the most of your tax savings

Claim tax relief on your contributions at your current rate of income tax. The maximum contributions you can claim tax on will depend on your age.

Age Bracket % of Net Relevant Earnings
Under 30 15%
30 - 39 20%
40-49 25%
50-54 30%
55-59 35%
60 and over 40%

The maximum amount of earnings taken into account for calculating tax relief is €115,000 per year.

Note: contribution tax relief is not automatically guaranteed and is determined by the Revenue Commissioners, not KBC.

Keep on track

You can check your balance and pension performance in app anytime.
Set a retirement goal and keep track of it with the touch of a button.

We put you in control of the important things.
We’ll deliver your 6 monthly and annual statements directly to your App, along with all your other documents, giving you unrivalled access to the information you need wherever you are.

What happens at retirement

Typically, people draw down their pension between the age of 60 and 75 (there are some exceptions for early retirement based on ill health or certain occupations). You can take up to 25% of your pension fund as a retirement lump sum. Up to €200,000 of your retirement lump sum may be tax free (subject to overall Revenue limits). Amounts over €200,000 are liable for income tax as outlined below.

Up to €200,000 Tax Free
€200,001 to €500,000 Standard rate of 20%
Over €500,000 Your marginal rate of tax and subject to USC.

The remainder of your money can stay invested and be withdrawn as you need it. You may also have a number of other options available with the balance of your fund. When the time comes, we can help you decide what’s best for you.

MyAutoinvest - designed for everyone, built for you


A PRSA is required to have a default investment strategy. We have designed our investment strategy around you and your chosen retirement age, to make sure that the right choices are made at the right time.

MyAutoinvest from KBC gradually changes how your pension savings are invested as you approach retirement.

We gradually reduce your exposure to more risky (but potentially higher performing) equities and increase your exposure to less risky assets (bonds and cash) as you move towards your chosen retirement age -  this is called ‘de-risking’.
 
Once you set up your KBC Lifestyle PRSA, de-risking begins straight away and accelerates once you reach 20 years to your chosen retirement age. In the last 5 years before your chosen retirement age, we will move a portion of your pension savings to cash funds so that you will have 25% invested in KBC cash funds at your chosen retirement age.
KBC-Life-and-Pensions-Autoinvest

Key features

  • MyAutoinvest is personal to you- we tailor our lifestyle investment strategy specific to your exact chosen retirement date.
  • We protect you by moving your investment from equities to bonds and cash each month as you move towards your chosen retirement age.

How your contributions are invested

We use your contributions to purchase units in the underlying funds in MyAutoinvest. The allocation of your contribution across the underlying funds in MyAutoinvest will depend on how long you have to go until your chosen retirement date. The number of units purchased on your behalf will depend on how much you contribute and the price of those units at the time we purchase units on your behalf.
 
The value of your policy at any given date will be equal to the total of the number of units of each underlying fund allocated to your policy, multiplied by the unit price for units of each fund for that date. The value of your policy can go down as well as up over time as the unit prices change to reflect the value of the assets in that fund.
 
The underlying funds which make up MyAutoinvest are:

1. MyAutoinvest equity funds, comprising:
  • Plato Institutional Index Fund World
  • Plato Institutional Index Fund Emerging Market

2. MyAutoinvest bond funds, comprising:
  • KBC Institutional Fund Euro Bonds
  • KBC Institutional Fund Euro Corporate Bonds

3. MyAutoinvest cash funds, comprising:
  • KBC Participation SRI Cash Plus
  • KBC Multi Interest Cash 5 Month Duration
  • KBC Multi Interest SRI Cash 3 Month Duration
  • KBC Multi Interest SRI Cash 4 Month Duration

Charges

The overall ongoing charge for MyAutoinvest from KBC (the fund management fee) is 0.90% of the value of your PRSA per year. This is calculated on a daily basis and is reflected in your fund value.

The individual sub funds making up MyAutoinvest have their own charges, and these charges along with administration fees that we include are all part of the 0.90% charge per year.

There is also a contribution charge of 2.5% of each contribution made to your KBC Lifestyle PRSA. This charge does not apply to pension transfers into your KBC Lifestyle PRSA.
 
Find out more about pensions and retirement in the Education Hub
 
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Contact KBC Life and Pensions

Table of fund pricing: 

Fund Name: Fund Price at 03/06/2020: 1 month performance at 03/06/2020: 3 month performance at 03/06/2020:
MyAutoinvest equity funds €1,018.75 5.71% 1.15%
MyAutoinvest bond funds €965.58 -0.22% -3.67%
MyAutoinvest cash funds N/A* N/A N/A

*the cash fund currently has no contributions invested in it, so does not have a unit price.


Important Information


We recommend that all customers take the time to read our KBC Life and Pensions Data Protection Notice.

Read our Remuneration Summary Document (pdf, 73 KB)

*As at December 2019.
 

Warning: Past performance is not a reliable guide to future performance

Warning: The value of your investments may go down as well as up

Warning: If you invest in these funds you may lose some or all of the money you invest

Warning: These funds may be affected by changes in currency exchange rates