An Approved Minimum Retirement Fund, or AMRF, is a pot for your pension money after you retire.
Update Jan 2022: ARMFs were effectively abolished by the government from 1 January 2022.
In practice, it’s very similar to an Approved Retirement Fund (ARF).
If you were less than 75 years old, and don’t have a guaranteed pension income (such as an annuity) of €12,700 or more, you’re required to put €63,500 into an AMRF before you can put money into an ARF.
You can withdraw up to 4% of your AMRF each year (subject to PAYE taxes).
Read more about your options at retirement.
