There are two types of approved retirement fund (“ARF”):

ARF - An ARF is a retirement contract in which you can invest all or part of your pension fund as a lump sum.
AMRF - An AMRF is a similar kind of investment to an ARF, but it is a safety net required by the Government if you don't have sufficient guaranteed income.

An ARF enables you to control your pension fund assets at retirement and to direct future investment strategy through a Qualifying Fund Manager.  You can make withdrawals from your ARF at any time. Your ARF will avail of tax free growth however any withdrawals will be subject to PAYE.

On death the value of your ARF would be transferred to your spouse tax free. Any subsequent withdrawals would be liable to PAYE.

In order to avail of the ARF options you must have at retirement a guaranteed income for life of €18,000 per year. If not you must invest €119,800 in an Approved Minimum Retirement Fund (AMRF). An AMRF is similar to an ARF however you cannot access your fund until age 75.   

A minimum of 5% of the ARF fund value must be taken per annum

Why Choose SmartQuotes.ie for ARF’s

• 100% allocation
• Low Annual Management Charges
• Excellent Fund Choice
• Flexible options to take regular income
• Excellent Customer Service
  

The 2011 Finance Act resulted in significant changes to ARF’s and AMRF’s. Contact Paddy Mahony or Andrew Nevin on 01 685 3813 to discuss how these changes may impact you

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