Approved Minimum Retirement Funds (AMRF's)

Prior to investing in an Approved Retirement Fund (ARF) an individual must satisfy the AMRF requirement. Having taken the tax Free Lump before being allowed to invest the balance in an ARF or take the funds as a taxable lump sum, an individual may be required to first invest up to an amount €63,500 to an AMRF or purchase an annuity for life\


An AMRF is similar to an ARF except that the capital invested in an AMRF cannot be drawn down on until an individual’s 75th birthday.


An AMRF automatically converts to an ARF at age 75.


The requirement to invest up to €63,500 in an AMRF or annuity does not apply if the individual is, at the time of taking benefits in receipt of an income guaranteed to be payable for his or her life of €12,700 per annum.


AMRF holders can opt to take one withdrawal in a year up to a maximum of 4% of the value of the AMRF at the time of the withdrawal (regardless of the level of accumulated gains or losses). Any withdrawal is subject to PAYE and USC. PRSI also applies if under the age of 66.















































Safe Life and Pensions Ltd

Registered in Ireland, Registration Number 508071

Address 9 Firgrove Park, Bishopstown Cork City

Safe Life and Pensions Ltd is regulated by the Central Bank of Ireland