Why more Irish homeowners are unlocking their pensions early

Hi ,

It’s a question we get asked every week:

“Should I keep my pension invested — or use it to pay off my mortgage?”

Next week, one of our pension experts will break down the pros and cons of both options in a special feature.

But is this even possible? Without a hefty tax bill?

Surprisingly, yes.

If you’ve left a job in the private sector, you may be able to access that old pension from age 50 — not 65 — by moving it into a Personal Retirement Bond (PRB).

At a time of high interest rates, expensive debt, and rising family costs, many are using this option to take back control of their finances.

It’s completely within pension rules, and more and more Irish people are doing it to:

✅ Pay off the final years of their mortgage
✅ Clear high-interest credit card or loan debt
✅ Help their children get on the property ladder
✅ Cover rising third-level education fees

If you don’t want to wait for next week’s article and would like expert guidance now, you can speak to one of our team today.

👉️ Get a free pension transfer assessment now »

No obligation. 100% confidential.

Just trusted advice from a qualified pension expert.

Sincerely,

The National Pension Helpline Team