Pensions & ARFs

Pensions & ARFs

Once retirement arrives you will be able to choose what to do with your retirement package depending on your individual circumstances. One of the options available to you may be an Approved Minimum Retirement Fund (AMRF) or an Approved Retirement Fund (ARF).

When you retire, the state pension will not be enough to survive on. A personal pension is ideal if you are not already in a company pension scheme, or if you are self-employed.

When you pay money into your pension plan, you can receive TAX RELIEF benefits. For instance, if you pay income tax at the 40% rate, the revenue commissioners rebate you with €400 for every €1,000 that you pay into your pension fund. This means a massive tax saving, and that your pension can be amazingly cost effective.


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