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Retirement Options FAQs

• Can I invest in an Approved Retirement Fund (ARF)?
• Can I invest in an Approved Minimum Retirement Fund (AMRF)?
• What funds can I invest in?
• Do I have to withdraw money from my ARF?
• Can I change the frequency / amount of my withdrawals from my ARF?
• Can I withdraw from my AMRF?

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

Yes, if your pension plan is a:

• Personal Pension Plan
• Company Pension Plan
• 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 €18,000 p.a.
• Must have €119,800 already invested in an AMRF/Annuity

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

Yes, if your pension plan is a:

• Personal Pension Plan
• Company Pension Plan
• AVC (Additional Voluntary Contribution)

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

What funds can I invest in?

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

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. QUINN-life will process an actual withdrawal equal to the amount of deemed withdrawal in place for the year (5% effective from the 7th December 2010) on the value of ARF policies on the 15th December (or the nearest working day thereafter) each year by default. Any withdrawals from an ARF policy in that calendar year will be taken into account when calculating the deemed withdrawal.

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

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 .

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Only the growth on the amount you have invested can be withdrawn from your AMRF.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 or annually.