Tag Archives: arf

News of the World

This week we looked at the issue of pensions and the fact that the real storm clouds on the horizon are not the NAMA, IMF/EU bailout or sovereign debt, but rather that of pension provision. The recent changes in the National Pensions Framework have gone some way towards addressing this but at some stage they will need to go farther or we will need a total re-think on pension provision, the final alternative being a total reduction in entitlements or massive contributions for qualification.

Important notice for ARF clients

People who have an Approved Retirement Fund (ARF) must take an additional 2% distribution from their fund as the minimum is now 5% instead of 3%