Finance Bill 2021 – AMRF Changes

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The requirement to either have a guaranteed income of €12,700 per annum, or to set up an Approved Minimum Retirement Fund (AMRF) before being allowed to establish an Approved Retirement Fund (ARF) or take taxable cash on retirement has been abolished with effect from 21st December 2021.

In addition, all existing AMRFs will automatically become ARFs on 1st January 2022.

We are in the process of writing to all of our AMRF customers to advise them of this change. Download a copy of the sample letter which has been sent to them

Aviva Life & Pensions Ireland Designated Activity Company, is a private company limited by shares, registered in Ireland No. 165970. Registered office at Building 12, Cherrywood Business Park, Loughlinstown, Co. Dublin, D18 W2P5. Tel (01) 898 7950, www.aviva.ie

Aviva Life & Pensions Ireland Designated Activity Company, trading as Aviva Life & Pensions Ireland and Friends First, is regulated by the Central Bank of Ireland.