The invention discloses a neutron shield material with flame-retardant neutron shield heat-shielding performance and a preparation method thereof. The material is prepared from dimethylvinyl silica gel, a neutron absorber material, a flame-retardant functional filler, a heat-shielding functional filler, vulcanizing agent 2,5-dimethyl-2,5-dihexane and a powder surface modifier. The method comprises the steps of adding the dimethylvinyl silica gel and vulcanizing agent 2,5-dimethyl-2,5-dihexane in an open mill for plastication, then mixing the mixture and the neutron absorber material, the flame-retardant functional filler, the heat-shielding functional filler as well as the powder surface modifier, adding the mixed solution in a vacuum internal mixer for banburying, and finally adding a product obtained after the banburying into a press vulcanizer to obtain the neutron shield material with the flame-retardant neutron shield heat-shielding performance. The material has the thermal neutron shielding performance, and has good tenacity, flame-retardance, heat-shielding performance and mechanical strength, peripheral protection of nuclear instruments with complicated shaped can be met, and the material is also a good core material for neutron protection clothing.