Financial Services
An Approved Retirement Fund (ARF) is a flexible post-retirement investment option available to individuals in Ireland who have received a lump sum from their pension. Instead of purchasing an annuity, retirees can invest their pension savings in an ARF, allowing their funds to remain invested while withdrawing income as needed. With an ARF, individuals control how their retirement savings are managed and can choose different investment strategies. Withdrawals are subject to income tax, and a minimum annual withdrawal is required once the account holder reaches age 61 (currently 4% for those under 70, increasing for older individuals). One key advantage of an ARF is that any remaining funds can be passed to beneficiaries upon death. However, investment risks apply, as market fluctuations can impact returns. At Money Maximising Advisors Limited, we provide expert guidance on ARFs, ensuring clients make informed retirement planning decisions that align with their financial goals.
