Currently Visiting » QUINN-life Home » Retirement Options » Retirement Options FAQs
Retirement Options FAQs

Retirement Options FAQs



Can I invest in an Approved Retirement Fund (ARF)?

Yes, if your pension plan is a:

  • Personal Pension plan,
  • Company Pension Plan - Proprietary Directors only,
  • AVC (Additional Voluntary Contribution)

For an ARF you also have to be over 75yrs or meet either of the qualifications below:

  • Have a guaranteed pension or annuity of at least €12,700 p.a.
  • Must have €63,500 already invested in an AMRF
Go Up


Can I invest in an Approved Minimum Retirement Fund (AMRF)?

Yes, if your pension plan is a:

  • Personal Pension plan,
  • Company Pension Plan - Proprietary Directors only, or
  • AVC (Additional Voluntary Contribution)

You must also be over 50 years old to invest in an AMRF. Go Up


What funds can I invest in?

The full suite of QUINN-life funds is available to you.Go Up


Do I have to withdraw money from my ARF?

No, however you should be aware of recent legislation which has introduced an annual taxable imputed distribution applied to the value of assets in Approved Retirement funds. This is being phased in over three years, meaning income tax is due on a deemed withdrawal* of 1% of the fund on 31 st December 2007, 2% of the fund on 31 st December 2008 and 3% thereafter.

Any actual distributions from the ARF during the year will be deducted from the imputed distribution for that year. Both actual withdrawals and imputed distributions will be taxed at the individuals marginal income tax rate.

* Deemed withdrawal: Amount assumed to be taken out of your fund by you. Go Up


Can I change the frequency / amount of my withdrawals from my ARF?

Yes. To change either the frequency or amount of your ARF withdrawals you need to contact QUINN-life in writing, 30 days in advance of your next payment, by

Post to: Dublin Road, Cavan, Ireland.
Email to: info@quinn-life.com
Fax to: 049 4360234 .Go Up


Can I withdraw from my AMRF?

Only the growth on the amount you have invested can be withdrawn from your AMRF. On your 75th birthday your AMRF will automatically become an ARF allowing for withdrawal monthly, quarterly, bi-annually or annually.Go Up


QUINN Insurance Limited and QUINN-life direct Limited are regulated by the Irish Financial Regulator.

QUINN-life direct Limited is a private company limited by shares. All Rights Reserved. Copyright Quinn Group

Financial Regulator We are Guaranteed Irish We are Excellence Through People Approved - Read more We are investor in people approved We hold ISO 9001 status - read more