An Approved Minimum Retirement Fund, or AMRF, is a pot for your pension money after you retire.

In practice, it’s very similar to an Approved Retirement Fund (ARF).

If you are 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.