Approved Retirement Fund Or Annuity

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Approved Retirement Funds (ARFs) and annuities are two common options for using your pension savings once you retire. Each has its pros and cons depending on your financial goals, risk tolerance, and life expectancy.

Contact us today and book your consultation and see how Quigley Financial Brokers can help you choose the best options available or contact richard@quigley.ie for further information.

Here is a clear comparison:

What is an Approved Retirement Fund (ARF)?

An ARF is a post-retirement investment fund where you can keep your pension savings invested and withdraw money as needed.

Ownership - you retain ownership of the funds.

Flexibility - you decide how much and when to withdraw.

Investment - funds remain invested, so value can go up or down.

Tax - withdrawals are taxed as income. A deemed (notional) distribution is taxed annually (currently 4%-6% depending on age and fund size).

Inheritance - any balance can be passed to your estate.

What is an Annuity?

An annuity is a contract with a life assurance company that pays you a guaranteed income for life in exchange for a lump sum from your pension fund.

Security - provides predictable, guaranteed income for life.

No Investment Risk - you don’t have to manage investments.

No Flexibility - once purchased, it’s fixed - no changes or access to capital.

Tax - income is taxed like regular income.

Inheritance - usually, no value passes to your estate unless you choose options like a guaranteed period or spouse’s pension.

Contact us today and book your consultation and see how Quigley Financial Brokers can

help you choose the best options available.