Retired with pension (€40K) + ARF + AMRF

donalfff

Registered User
Messages
39
hello,

my query is regarding the AMRF. Do I have to convert my AMRF into an ARF as my pension income exceeds the threshold or can I leave as an AMRF until as such time, it suits me to convert to an ARF?

thanks

donal
 
Hi Donal

You don't have a choice in the matter. From the Revenue Pensions Manual.


Firstly, where such individuals have guaranteed annual pension income of at least €12,700 on or after 27 March 2013 (the date of passing of Finance Act 2013) any AMRF immediately becomes an ARF.

You'd better contact your QFM and get the imputed distribution in place.


Steven
www.bluewaterfp.ie
 
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