Bank of Ireland Redundancy & Pension Advice Ireland – Tax-Free Lump Sum & Early Retirement Options.

What’s Happening with Bank of Ireland Jobs?

If you’re facing Bank of Ireland redundancy, it’s essential to understand your pension options. Unlocking your preserved pension early can provide crucial financial support during this difficult time.

 

Redundancy Calculator

Over 260 Bank of Ireland (BOI) jobs are being cut in 2025 as part of a large restructuring. For some, this could be a time of worry. But for others — especially past employees — it might be an opportunity to unlock a preserved pension you didn’t even realise was there.
If you’ve ever worked for Bank of Ireland, or any major employer in Ireland, now is the time to check your pension options.

Find Out What You’re Owed: Bank of Ireland Redundancy & Pension Advice Ireland

Use our free Pension Unlocking Calculator to see how much of your preserved Bank of Ireland pension you could access today. Expert pension advice Ireland ensures you make the most of your tax-free lump sum and early retirement options.

Start Pension Calculator

 

Bank of Ireland Redundancy & Pension Advice Ireland: Can I Unlock a Preserved Pension?

Yes — if you’ve left a job in Ireland with a pension, you may be eligible to unlock it.

You could qualify if:

• You left the job at least two years ago

• You have a defined contribution or occupational pension

• You’re not already accessing it

Even if you’ve moved to a new job or taken a career break, your Bank of Ireland pension may still be sitting there — waiting to be unlocked. Expert pension advice Ireland can help you navigate the process safely.
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Bank of Ireland Redundancy & Pension Advice Ireland: Early Retirement Options

Many employees facing Bank of Ireland redundancy in 2025 have preserved pensions valued between €10,000 and €100,000+, with some worth even more — especially if you worked at BOI, AIB, ESB, or other major employers.

With expert pension advice Ireland, you can understand exactly how much of your preserved pension you’re entitled to access, including any tax-free lump sum. Knowing your pension’s value is the first step to making confident decisions about your retirement options.

Try Our Free Bank of Ireland Pension Unlock Calculator

Find out in 3 minutes:

• If you’re eligible to unlock your pension in Ireland

• What age you can access it

• How much tax-free cash you could receive

Use the Free Unlock My Pension Calculator »

Why It’s Important in 2025

Ireland’s pension landscape is changing:

• New pension auto-enrolment rules are coming in 2025

• A new Pay-Related Jobseekers Benefit will affect entitlements

• There’s more government focus on private pensions and retirement income

That makes 2025 the perfect time to take stock of what you already have.

Who We’ve Helped Unlock Irish Pensions For:

We’ve helped people unlock pensions from:

• Bank of Ireland (BOI)

• Allied Irish Bank (AIB)

• Ulster Bank

• ESB

• Intel

• Medtronic

• Dozens more major Irish employers

Most had no idea they were entitled to cash sitting in old pension pots. We helped them access it safely and efficiently.

I Worked at Bank of Ireland — What Do I Do Now?

If you:

• Took redundancy or left BOI in the past

• Think you might have paid into a pension

• Aren’t sure where to start

…we’ll help you check for free.

Call us today on 01 531 3200 or click below to book a call back:
Book My Free Pension Check

Summary: Can I Unlock a Preserved Pension in Ireland?

Yes, if you:

• Left your employer more than 2 years ago

• Had a company pension (BOI, AIB, ESB, etc.)

• Are not yet drawing down that pension

Check now before rules change in 2025. Your old pension could be worth more than you think.

Redundant from Bank of Ireland?
Find out if you can unlock your pension early.
Fast answers | Free tools |  Expert advice

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Frequently Asked Questions (FAQ) – Bank of Ireland Redundancy and Preserved Pensions

Q1: Can I unlock my preserved pension if I am made redundant from Bank of Ireland?
Yes, if you were employed by Bank of Ireland and have a preserved pension, you may be eligible to unlock it early, especially if you left your job more than two years ago and are not currently accessing that pension.

Q2: How much tax-free cash can I get from my Bank of Ireland preserved pension?
Typically, you can access up to 25% of your preserved pension fund as a tax-free lump sum. The exact amount depends on your pension value and individual circumstances.

Q3: What are the conditions to unlock a preserved pension from Bank of Ireland?
You generally need to have left employment at least two years ago, have a defined contribution or occupational pension scheme, and not already be drawing down your pension benefits.

Q4: Will redundancy from Bank of Ireland affect my pension rights?
No, redundancy itself does not affect your entitlement to your preserved pension. Your pension remains yours, and you can explore unlocking options independent of your redundancy package.

Q5: How do I check if I have a preserved pension with Bank of Ireland?
You can contact Bank of Ireland’s pension administrator or use our free Pension Unlock Calculator to find out if you have a preserved pension you can access.

Q6: Can I unlock my Bank of Ireland pension before age 60?
In some cases, yes. Early access may be possible if you are made redundant or meet certain criteria set by pension rules and Irish legislation. It’s best to get expert advice for your situation.

Q7: What impact will the 2025 pension auto-enrolment changes have on Bank of Ireland workers?
The new auto-enrolment rules aim to increase pension coverage but don’t directly affect your preserved pension rights. It’s still a good time to review and unlock any old pensions before the rules change.

Q8: How can I get expert help with unlocking my Bank of Ireland pension?
You can book a free consultation with pension experts experienced in Bank of Ireland pension schemes. We guide you through eligibility, tax implications, and the unlocking process safely.

Q9: What is the Bank of Ireland AVC withdrawal tax treatment?
If you’ve paid Additional Voluntary Contributions (AVCs) into your BOI pension, the withdrawal tax treatment depends on whether you take them as part of your lump sum or as ongoing income. Up to 25% may be tax free in Ireland, with the remainder taxed at your marginal rate.

Q10: Is there a Bank of Ireland pension early retirement tax calculator?
Yes. You can use our free pension calculator to see exactly how much tax-free cash you could get if you take early retirement from BOI. It factors in Irish pension tax rules, commutation options, and AVC withdrawals.