ARF
CHC Approved Retirement Fund
At retirement, you can take up to 25% of your pension savings as a tax free lump sum. With the remainder, you then have 3 choices:
- You can buy an annuity
- You can take the remainder as a taxable lump sum
- You can put the balance into an Approved Retirement Fund, which will grow, tax free, for as long as you need it.
An Approved Retirement Fund allows you to continue to invest your pension fund in a range of diverse funds across all asset classes. Any growth in the fund is tax free.
You may be entitled to take out an ARF when you take retirement from:
- A Personal Pension Plan i.e. self employed such as doctors, dentists and accountants
- An occupational pension scheme set up by the company where you can control a minimum of 5% of the shares of that company at any time within three years of retirement
- Any individual who is entitled to AVCs (Additional Voluntary Contributions) on retirement
- Individuals who have set up Personal Retirement Savings Accounts (PRSAs) as allowed for under the Pension Amendment Act 2002
Post-Retirement
- Current page is 3.2: ARF
- 3.3: AMRF
- 3.4:
Pre-Retirement
- 3.6: SSAP
- 3.7: CHC PRSA
- 3.8: QROPS
- 3.9: CHC Select II PRSA
- 3.11: