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

When you retire, the pension fund(s) you have paid into (perhaps an executive pension, a personal pension, or a PRSA), are available to you.  You can then take decisions on what to do with this money.

One of your options is to move your money into an Approved Retirement Fund.  It can then be invested in a range of growth assets, such as investment funds.  (The other main routes are to take a cash lump sum, or invest in an annuity).

It’s worth noting that you do not have to remain with your existing pension provider when you open an ARF.  Moneycube can help you shop around.

How do I get the money out?

You can withdraw money from your ARF over time, either on a regular basis, or in lump sums as you need it.

Once your money is in an ARF, you’re required to withdraw a certain percentage of the fund each year. (4% or 5% depending on your age, and 6% if your ARF has more than €2 million in it).

Read more about your options at retirement, or contact us to discuss how we can help you invest in an Approved Retirement Fund.

By investing €400 a month you could save €27,900 in 5 years

Using our "Picture your money" tool, you can find out how your money could work for you.

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Note: This is an initial indication to help you picture your money. Remember that with investments it is not possible to know for certain what returns you will achieve. Please note the investment warnings at the bottom of the page. This is the approximate before-tax return on an investment which grew at 6% over 5 years.

How to start a pension in Ireland


Should you be doing more for your retirement? Our free ebook guides you through your pension options and answers the three big questions to get you on your way to a well-planned retirement. 

How to start a pension in Ireland