An ARF is another pension vehicle, like a Personal Retirement Bond.

• Funds grow tax-free within the ARF (as it does with all pensions).
• Withdrawals can be made from the ARF until there are no more funds left.
• From age 61, it is compulsory to withdraw a minimum of 4% of the fund per annum.
• All withdrawals are subject to income tax, UCS, and PRSI.
• In the event of death, the full fund values of the ARF paid to the individuals family/estate
• At any stage, there is an option to purchase an annuity (buying a guaranteed income for life) with part or all the funds remaining in the ARF.