I'm curious as to how deemed distribution applies to an ARF in the first year.
Deemed distribution for ARF holder 65 years less than €2m.
Deemed distribution based on value of ARF assets on November 30th.
If I were to start an ARF in June 2024,
what year does the 4% deemed distribution in November apply to ? 2024 or 2025 ?
Many thanks in advance of any informed insights.
Deemed distribution for ARF holder 65 years less than €2m.
Deemed distribution based on value of ARF assets on November 30th.
If I were to start an ARF in June 2024,
what year does the 4% deemed distribution in November apply to ? 2024 or 2025 ?
Many thanks in advance of any informed insights.