Retirement Planning - Annuity or Approved Retirement Fund (ARF)/AMRF

Once you reach retirement age, you will have a number of decisions to make in relation to how you retire your pension. In most cases, you should be allowed to take a tax-free lump sum and the balance as regular income. There are a number of factors that will determine the tax-free lump sum you can avail of so having the correct advice is vital to ensure you maximise that tax-free amount.

The balance will then be paid out as regular income in either the form of an Annuity or through an ARF. Deciding on which route you opt for is significant, and again, having the proper advice here is hugely important. An annuity is generally a fixed amount paid to you for the rest of your life, while an ARF is an investment from which you withdraw from on an ongoing basis. Income, potential returns and inheritance planning are all important considerations to be made, and we will fully discuss the options and implications each one may have.


In February of this year I engaged the services of David from Kinsella Financial regarding obtaining a mortgage. I genuinely cannot thank David enough for all he has done, he understood right from the start how important purchasing my first home was

Gary Martin, OCM Security & Electrical Services, Tullamore.
April 2018