An Approved Minimum Retirement Fund (AMRF) is a post- retirement fund, which must be commenced prior to being eligible to commence the ARF, if you do not have a guaranteed pension income of €12,700 per annum.
You must invest €63,500 into either the AMRF or a pension annuity prior to investing into the ARF. The AMRF gives you control over your choice of funds subject to your attitude to risk.
You may only withdraw 4% per annum from your AMRF fund until you reach 75 and then the AMRF becomes an ARF.
You can decide not to draw an annual income from the AMRF, however at age 75 when the AMRF becomes a ARF, you will then have to commence drawing an annual income from the fund.
Easy Steps Financial Advice Ltd. Registered in Dublin, Ireland No. 561566
Easy Steps Financial Advice Ltd is a Private Company Limited By Shares.
Registered Address: 11 Beverton Walk, Donabate, Co Dublin, K36 EY98
Directors: Ray O’Rourke (MD), Kathy O’Rourke I Tel: 01 843 5835 I 086 254 2913
Easy Steps Financial Advice Ltd t/a Easy Steps Financial is regulated by the Central Bank of Ireland.
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