1. I have a large pension pot that I am considering putting into an ARF. I want to keep the annual management fee payable to the ARF provider as low as possible. Can I negotiate an annual fee of no more than €1,000 pa, instead of a % of the fund. Which provider has lowest fees.
2. How does it work- if I got the ARF from, say, Standard Life & invested the pot in an ordinary deposit A/C with, say, Bank of Ireland - what annual mgt fees arise with Standard Life & BOI - is there mgt fees with both. Is DIRT payable on BOI deposit. Who deducts income tax on my pension drawings from BOI deposit - is it Standard Life or BOI.
If I got ARF from Irish Life & invested pot in Irish Life unit funds - is there annual mgt fee to Irish Life for the ARF, & a second lot of fees on the Irish Life funds.
Help appreciated.
2. How does it work- if I got the ARF from, say, Standard Life & invested the pot in an ordinary deposit A/C with, say, Bank of Ireland - what annual mgt fees arise with Standard Life & BOI - is there mgt fees with both. Is DIRT payable on BOI deposit. Who deducts income tax on my pension drawings from BOI deposit - is it Standard Life or BOI.
If I got ARF from Irish Life & invested pot in Irish Life unit funds - is there annual mgt fee to Irish Life for the ARF, & a second lot of fees on the Irish Life funds.
Help appreciated.