First of all, the growth on your AVC fund is not subject to any income tax or capital gains tax and is allowed to grow completely tax-free.

Secondly, we generally recommend a conservative approach towards saving for your retirement.

The Individual Retirement Investment Service (IRIS)
ensures that at all stages your contributions are invested in a fund which meets your individual requirements. By simply choosing a year of retirement, IRIS will then look after the asset mix to ensure that your pension fund is invested in assetsthat match your  needs, as you go through life. .With IRIS there is a gradual switch from equities to Government Securities and Cash in the run up to retirement with the objective of protecting the purchasing power of your AVC.

The IRIS approach works
Since its launch almost 15 years ago, IRIS has proved to be an outstanding success with almost €2 billion currently under management in its range of funds. Choosing IRIS ensures that at whatever point in your life you are and however close you are to retirement, you are investing in the most suitable investment fund strategy for you.

If however you would like to choose an alternative investment fund we have a wide variety of funds to choose from ranging from high to low risk.

Pension Lifestyling Funds:
IRIS Retirement Fund

Low Risk:
Pension Cash Fund

Medium Risk:
Protected Assets Fund (Pension)
Pension Gilt Fund
Elements (Pension)
BNYM Global Real Return Fund (Pension)

Medium to High Risk
Pension Evergreen Fund
Pension Consensus Fund
Pension Managed Fund
Ethical Managed Fund

High Risk:
Pension Equity Fund
Innovator (Pension)

Pension Lifestyling Funds:
• IRIS Retirement Fund

Pension Innovator Fund:
For those who want diversification in their fund we recommend that they consider investing no more than 20% in the Innovator Fund. The objective of this fund is to provide strong potential growth over the medium to long term by accessing the green investment opportunities available through Alternative Energy, Water, Emerging Markets, and Commodities.

Pension Managed Funds:
• Pension Consensus Fund
• Pension Managed Fund
• Pension Evergreen Fund
• Pension Managed Fund
• KBCAM Managed Fund
• Friends First Mixed Fund
• Income & Growth Fund

Pension Specialist Funds:
• Pension Equity Fund
• Pension Innovator Fund

The pension funds below are also available to you and are primarily suitable for members who are close to retirement:
• Pension Gilt Fund
• Pension Cash Fund

Further information on funds and fund performances is available from New Ireland's Fund Centre.

Our financial advisorcan provide you with the relevant detail reference these range of funds to help you decide which option is right for you. If you do not make or do not wish to make an investment choice, your contributions will be invested in the IRIS Retirement Fund, which is the Default Investment Strategy for your AVC Plan.