Non residents - risk of no ARF option

[Dr Strangelove]

How many non-resident ARFs are out there?

However many there are it is only going to grow.

Census 2022 shows that 560k workers in the economy hold non-Irish citizenship, 23% of the labour force. It's probably €600k now. Many of these workers are contributing to DC schemes and many will not retire in Ireland.

There is surely going to be growing demand for non-resident ARFs.

 

[ClubMan]

Census 2022 shows that 560k workers in the economy hold non-Irish citizenship, 23% of the labour force. It's probably €600k now. Many of these workers are contributing to DC schemes and many will not retire in Ireland.

They might also hold Irish citizenship and/or plan to stay here? It's no trivial matter to up sticks and go abroad in retirement even if you have strong links there.

 

[Dr Strangelove]

It's no trivial matter to up sticks and go abroad in retirement even if you have strong links there.

For sure.

But even if only half have a DC fund and only 20% leave Ireland that’s 56k future non-residents who will need ARFs.

 

[murphaph1]

And it will become easier and easier to move around the EU as time passes. That's the idea anyway. The UK is currently outside the EU but who knows if that will remain the case. There is definitely an ever growing market for non-resident ARFs. Time will tell how the providers respond to that market I suppose. I might just "move home" to take out an ARF and then "move away" afterwards.