Approved Minimum Retirement Fund


What does AMRF and ARF offer me?

Depending upon eligibility, the AMRF is a single premium vehicle in which you can invest the proceeds of your retirement fund from a Personal Pension Plan, PRSA, Personal Retirement Bonds, Executive Plans or Company Defined Contribution Pension Plan (including AVCs). It is designed for you if you are not in receipt of a guaranteed income of €18,000 (1.5 times annual maximum Contributory State Pension.

The amount required to be invested in the AMRF is currently €119,800 (10 times annual maximum Contributory State Pension). If after taking your tax free lump sum, you have less than this amount, the balance must be invested in the AMRF.

With an AMRF, you are only entitled to draw down the growth portion of your pension plan before you are 75 years of age. Once you reach age 75 or you satisfy the minimum income requirements before then, the AMRF converts to an ARF and the rules pertaining to ARFs apply.

The AMRF & ARF offers you:

  • access to a wide range of funds covering equities, property, fixed interest and cash, each offering a different investment strategy and risk profile;
  • the experience of investment professionals who are positioned to identify good investment opportunities. Using professional investment managers allows you access to stock markets without the expertise needed for trading shares directly;
  • the flexibility to switch between most funds at any time during your policy. This ensures your AMRF or ARF is always tailored to your requirements.
  • a tax efficient method of investment. Current legislation allows your ARF funds to grow free of tax where minimum levels of withdrawals are made, such minimum being 5% p.a. Your AMRF funds will grow free of tax throughout the lifetime of the policy.

The most up to date information on your chosen fund’s investment performance is currently available through:

  • weekly fund performance data published in
    national newspapers
  • annual statements specific to your policy, sent by
    Canada Life.
For more information please see the Approved Minimum Retirement Fund Factsheet
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Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: The income you get from this product may go down as well as up.

Warning: This product may be affected by changes in the currency exchange rates.