A Harvest Self Administered ARF offers the following benefits:
To find out more about our self administered ARF, and a clear picture of what retirement income your pension will provide you, contact us at justask@harvestfinancial.ie or on 01 2375500.
On your death your ARF can be transferred to your spouse / civil partner tax-free who can continue to manage the ARF investments and take withdrawals.
Alternatively your ARF can be left to your children or other persons subject to income and / or inheritance tax which are summarised below.
ARF Inherited by…… | Income Tax Due | Capital Acquisitions Tax Due |
Surviving Spouse | None, where transferred into an ARF of surviving spouse. Yes, if not transferred to ARF to survivor’s spouse. This will be treated as a taxable distribution by the deceased in the year of his/her death. | None |
Child aged 21+ at date of death | Yes. Income Tax at rate of 30% | None |
Child aged less than 21 at date of death | None | Yes, normal inheritance tax rules apply. |
Anyone else (not surviving spouse or children) | Yes. This will be treated as a taxable distribution by the deceased in year of his/her death. | Yes, normal inheritance tax rules apply. |
This marketing information has been provided for discussion purposes only. It is not advice, it is provided for general information purposes only and does not fully take into account your financial position, investment needs and objectives, attitude to risk, liquidity needs, capital security needs, capacity for loss, etc. It should therefore not be relied upon to make investment decisions. Prior to any formal investments taking place you will be provided with a detailed suitability letter taking into account all the above and outlining why the investment(s) are (not) suitable for you.
Past performance is not a reliable indicator of future results.
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.
Harvest Financial Services Limited is owned by ILGWM Limited (a subsidiary of Irish Life Group), which is part of the Great-West Lifeco Group of companies.
Harvest Financial Services Limited is regulated by the Central Bank of Ireland. Registered in Ireland No.137567.
Registered Office: Block 3, The Oval, Shelbourne Road, Ballsbridge, Dublin 4. Postcode: D04 T8F2