Approved Retirement Funds (ARF)

Approved Retirement Funds (ARF's)

An Approved Retirement Fund is a post retirement investment fund which you may invest in using the retirement benefits accrued using the following types of plans:


  • Personal Pension Plan
  • Personal Retirement Savings Accounts (PRSA)
  • Executive Pension Plan (for 5% proprietary director's)
  • Member of an employers scheme who contributed to an AVC.


Investment in an Approved Retirement Fund is subject to meeting the Approved Minimum Retirement Fund (AMRF) requirements outlined in the what are my options at retirement? section of our website.

An Approved Retirement Fund can be invested in a wide and varied range of products through an assortment of product providers. If you are 60 or older there is an obligatory draw down in respect of Approved Retirement Fund’s known as the imputed distribution. From 2011 onwards this imputed distribution is 5% of your fund.

An Approved Retirement Fund gives you control over your retirement fund, a regular income if required and instant access to your capital. In the event of your death the value of the fund will pass to your spouse  without being subject to any further taxation.

(Withdrawals by you or your spouse are subject to taxation and the terms of your investment option/provider).