More pension choice for retirees

A rule change will open up approved retirement funds to people who previously had no choice but to buy an annuity

26th June, 2016

Thousands of Irish retirees will now have more flexibility at retirement as a result of a pension rule change by the Department of Finance.

Last week, the department announced a technical change to pension rules that gives more retirees access to a so-called approved retirement fund (ARF).

ARFs were introduced in the 1999 Finance Act, and allow qualifying retirees to invest a lump sum in a personal retirement fund, giving them greater flexibility than the...

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