Approved Retirement Funds (ARFs)

M

Maggie Buzz

Guest
A friend has to decide where to invest the taxable element of his pension fund (€56K) approx. He has substantial other investments (>€100K) and also has an annual income of approx. €10K, which is quite sufficient to meet his current needs. He is in good health and owns his own home in addition to 80 acres of farm land and will be eligible for the contributory OAP next March. He has decided not to accept a retirement annuity. Any advice?

Thank you.
 
Hi Maggie

What sort of advice does he need? He has a choice between taking it as taxable salary and starting an ARF or AMRF, which you appear to know from the heading of your post?

Brendan
 
He has decided to invest the taxable amount in an ARF/AMRF, but is not sure which Company or which type of fund in which to invest. He is anxious to minimise risk and does not wish to pay exorbitant fees.
 
ARFs

Better to seek out an adviser and agree remuneration terms with him/her at an initial stage of the meeting. The fact find should throw up the reasons why the adviser is recommending a particular product.
 
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