About Approved Retirement Funds (ARF’s)
Having accumulated a pension fund or funds the decision point then becomes how to use it to your best financial advantage and generate income in retirement.
One option worth considering is the Approved Retirement Fund (ARF)
ARF Investment Guidelines
Subject to Revenue limits and rules accumulated pension funds can be invested in an investment account known as an Approved Retirement Fund (ARF)
This can mean increased and more flexible options at retirement with greater control of your funds.
There are revenue rules and general guidelines to consider as an ARF investment will not suit everybody.
ARF type of investments deliver tax free growth and regular cash withdrawal options are available.
ARF Investment & Decision Guidelines
An ARF is an investment and therefore any decisions carry the additional important caution that this is your income in retirement plan so the following questions need to be considered carefully,
Access – will access to the total capital be required at any time?
Risk – appetite for investment risk on a scale of 1 to 10; 1 being low risk.
Income – what level of regular income will be required from the ARF.
Health – current state of health will also influence the decision.
These are only sample questions and a full financial planning review would be required prior to any decision.
We strongly recommend that before deciding yes or no to an ARF Investment that you take expert advice.
We are available to provide the initial planning or offer a second opinion on any current advice.
ARF & Plans that Qualify for Investing
Conversion of accumulated pension funds to an ARF is allowed when any of the products below have been used to build the pension fund.
If a number of these plans were used then all can be included in the same ARF.
Personal Pension Plans
Personal Retirement Savings Plans (PRSA’S)
Additional Voluntary Contributions (AVC’s)
Buy out Bonds.