Pension Planning & Retirement.
There is a day in the future when you will be looking forward to switching off from work, having more leisure, chasing some hobbies and catching up with family and friends more often will be easier.
At that time deciding how best to organise your retirement income using all options and from all sources will be a top priority.
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Approved Retirement Funds – Options & Benefits at Retirement.
- Up to 25% of the total pension fund can be taken as a tax free lump sum.
- It is a flexible investment fund designed exclusively for retirement planning.
- It allows the fund owner to retain ownership and control of their cash.
- There are a variety of investment options to suit income needs and risk profile.
- Cash withdrawals are allowed.
- The fund can be part of your estate and left to your dependents when you die.
ARF Option & Revenue Rules. One to One Meetings Available.
There are important rules to follow, for example;
If you don’t have €12,700 annual income exclusive of what you would have to invest in an ARF the Revenue ruling is that €63,500 of the available pension fund must be invested in an Approved Minimum Retirement Fund (AMRF) or in an Annuity before investing in the ARF.
All we would advise at this stage is that OMAC Life fully understand the ARF set up process and how it can be used with all other options to meet your income in retirement objectives.
We would welcome the opportunity to demonstrate our expertise and at the same time help you make the best decision regarding your retirement income.
We understand and respect how important this is for individuals and families.
If you would like more information or advice please contact us for any assistance.
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