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Financial Advice when Retired?

Once you reach retirement, your earned income is replaced by the income produced by your pension fund. At this time you have a number of important decisions to make to ensure that your fund at retirement will provide you with a secure income for the rest of your life. You may be able to choose what to do with your retirement fund depending on your individual circumstances.

Approved Retirement Fund (ARF)

Whether you want the investment flexibility and / or the cost transparency of a self administered ARF or wish to pursue a traditional structure with an insurance company, we will help determine which is the most appropriate for you.

An Approved Retirement Fund ( ARF ) is a special investment fund which can give flexibility in terms of how you use your retirement fund. With an ARF you re-invest your retirement fund and take the money out as you need it. Any growth within your Approved Retirement Fund is exempt from tax.

You can make withdrawals from your ARF as needed, subject to statutory deductions (PAYE, USC and PRSI). Appropriate statutory deductions are deducted on withdrawals from your ARF by a Qualifying Fund Manager.

With effect from the 1st of January 2015 the minimum distributions from an ARF once you are over age 60 for a whole tax year are as follows:

  • 4% if you are not aged 70 years or over for the whole of the tax year and the value of your Approved Retirement Fund is less than €2,000,000;
  • 5% if you are aged 70 years or over for the whole of the tax year and the value of your Approved Retirement Fund is less than €2,000,000; and
  • 6% if the value of your Approved Retirement Fund exceeds €2,000,000.

For more information about our Self Administered Retirement Fund .

Contact Us at or call us on 01 2375500

This material is not intended to provide advice and is provided for general information purposes only.
The information contained herein is based on Harvest Financial Services Limited’s understanding of current Revenue practice as at November 2020 and may be subject to change in the future.

Please note that the provision of this product or service does not require licensing, authorisation or registration with the Central Bank and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.

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