What Happens When I Access My Pension

When you access either a Personal Pension or Company / Occupational Pension or PRSA Pension, you will access the Pension under 2 headings:
  • Tax Free Cash Lump Sum and
  • The balance of the Pension is taken in the form of an Annuity or an Approved Retirement Fund also known as an ARF.

The tax free lump sum entitlement can be calculated in one of 2 ways (depending on the type of pension you are accessing). These are:

  • A Tax Free Lump Sum equal to 25% of the value of the Pension Fund or in some cases,
  • A Tax Free Lump Sum no more than 1.5 times your pre retirement income.

In both cases the tax free lump sum is capped at €200,000

In most cases you will be required to use the residual balance of the pension to either:

Purchase an Annuity or
Invest in an ARF  (Approved Retirement Fund )

For a free no obligation consultation, fill in the form and we will contact you by phone or email to see if we can help. Or call Joanne on 01-5267770

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    “I had a number of pensions that I was ready to drawdown but I was very confused as to how I should do this, and what I needed to do. ARF Ireland took control of the process for me and dealt with my existing pension providers to get me my tax free lump sum from the pension, and also set up my ARF & AMRF.”


    “As a conservative investor, ARF Ireland created an ARF investment portfolio for me that gives the potential for reasonable growth during periods of financial market highs but also protects me from periods of market turmoil…they have also always fulfilled their initial promise to me to review my ARF with me on a regular basis.”


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