ARF’s & Annuities

AFR & AMRFAnnuities

ARF’s & Annuities

We help you answer


  • Should I buy an Annuity or invest in an ARF?
  • What investments should I make?
  • How can I keep the charges as low as possible?

ARF – Approved Retirement Fund

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Your retirement could last for many years, so you may want to keep your options open. One way to do this is to keep your pension invested and take income as and when you need it. This is called pension drawdown and the primary vehicle of this in Ireland is an ARF or Approved Retirement Fund. Although there are other drawdown options, this is most likely the best option to preserve and pass on wealth.
Note – Before taking your ARF you must first satisfy revenue rules by placing €63,500 into an Approved Minimum Retirement Fund (AMRF) until you reach 75 years of age or by proving to revenue that you have €12,700 in guaranteed income per year.

Example of how an ARF and an AMRF work together
You have a retirement fund €500,000
You take a Retirement lump sum (for example, 25%) €125,000
Leaving €375,000
Invest in an AMRF €63,500
(if you do not have a guaranteed pension income for life of €12,700 a year)
Invest the rest in an ARF €311,500
You can buy a pension for life (annuity) with the fund at any stage during the term of your ARF or AMRF plan.

There are benefits and drawbacks to ARF’s as investment performance and ongoing monitoring are very important to the success of your ARF.

What is an annuity?

An annuity is an insurance policy that is purchased with all or part of your pension savings. The insurance company guarantees to pay you a certain level of income, usually for life. You can choose different options for your annuity such as having payments that increase each year or provide benefits for loved ones when you die. You may be able to get a higher income if your life expectancy is lower than the average as a result of your lifestyle or medical conditions. You can take part of your pension pot (usually 25%) as a tax-free lump sum before you buy an annuity. Income from an annuity is subject to income tax in the tax year that it is received. Different insurance companies will pay different levels of income so you should make sure you shop around for the best rate.


Servatus can do this for you. Call us if you have any questions or just complete our Annuity Form and we will endeavour to get back to you Next Business Day with the best rate on the market.

* (if you have a previous illness or if you are a smoker please complete the complete form with health questions)


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Servatus Ltd
Unit 1 North Park
North Road
Dublin 11
Phone : +353 (0)1 5547310

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