Aviva Pensions

Aviva Approved Retirement Fund /Approved Minimum Retirement Fund

Flexible options to invest at or after your retirement

What is an Approved Retirement Fund?

Approved Retirement Funds (often referred to as ARFs) keep your pension savings invested after you have retired while giving you the freedom to withdraw money as and when you need it. As the savings are still invested, their value may increase or decrease.

What is an Approved Minimum Retirement Fund (AMRF)?

Approved Minimum Retirement Funds (often referred to as AMRFs) are more restrictive than ARFs as you can only withdraw a maximum of 4% each year until you reach age 75. At age 75, or earlier if you meet the below criteria, you can convert your AMRF to an ARF.

Revenue rules require you to set up an AMRF unless one of the following statements applies to you:

  • You have a guaranteed income payable for life (for example, State Pension or other annuity income) of more than €12,700 per year
  • You already have an AMRF with an investment amount of at least €63,500
  • You are older than 75

Aviva Approved (Minimum) Retirement Funds at a glance

Competitive and Transparent Pricing

A range of options to choose from, we offer great choice and value

Investment Choice

We offer a wide range of investment funds to choose from

Minimum Contribution

Single contributions from €20,000

Online Service

View key policy information & access online tools

Principle features and benefits of ARFs and AMRFs

  • Money from your pension is invested after you have retired so that it still enjoys the opportunity to grow.
  • Every year Aviva can pay you a fixed percentage of your ARF or AMRF (some limits apply) as an income. 
  • You have control over what your ARF and AMRF is invested in. 
  • You can use your ARF or AMRF to buy an annuity at any point in the future. 
  • In the event of your death, the value of your ARF and AMRF is passed on to your estate. 

Eligibility for an ARF

Your financial broker will advise you about the types of pension arrangements that can be paid into an ARF.

Is the Aviva ARF right for you

To invest in our Approved Retirement Fund you must be:

  • Over 50 years of age and less than 85 years of age
  • Using an eligible pension arrangement as the source of your contribution
  • Resident in the Republic of Ireland

The Aviva ARF may suit you if you:

  • Are retired and you have taken a retirement lump sum of up to 25% of the pension fund value and now wish to invest the remaining balance
  • Are happy with the charges on this product and accept that the fund value could fall as well as rise
  • Would like to take a regular withdrawal from the current fund value each year
  • Are happy with the choice of funds available on the ARF
  • Want to pass on the value of your ARF to your family when you die

The Aviva ARF may not suit you if you:

  • Have taken a tax free lump sum of up to 1.5 times your final salary
  • Are not happy with the charges on this product and are not comfortable with the fact that your fund could fall as well as rise
  • Want regular guaranteed pension income to last you for your life
  • Are not happy with the choice of funds on the ARF
  • Want to take out an annuity when you retire

Tools & Calculators

Expert advice

Want expert advice on pensions and retirement? Contact your Financial Broker today.


Warnings

Important information to consider.

Warning: Past performance is not a reliable guide to future performance.

Warning: The value of your investment may go down as well as up.

Warning: If you invest in this product you may lose some or all of the money you invest.

Warning: This product may be affected by changes in currency exchange rates.

Aviva Life & Pensions Ireland Designated Activity Company, a private company limited by shares. Registered in Ireland No. 165970. Registered office at One Park Place, Hatch Street, Dublin 2, D02 E651. Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland. Tel (01) 898 7950.