Synergy Approved Retirement Fund

A flexible retirement income solution

An Approved Retirement Fund (ARF) is a flexible way to provide retirement income from pension savings. Clients can withdraw money as needed, leaving the rest invested to give it a chance to grow.  

After taking their cash lump sum (some or all of which may be tax-free), they can invest some or all of their retirement fund and remaining retirement savings in an ARF. They can set up a regular income withdrawal and take out additional money as needed. The balance of the savings stay in the fund, giving it a chance to grow.

It’s a great product for clients who want:

• Flexible access to their retirement fund 
• Tax free investment growth within the fund
• Money left in the fund after death is left to their estate
• Access to a wide range of investment funds

Clients can set up an ARF by investing €10,000 or more, with the option to top up by €5,000 or more. It’s suitable for those investing money from:

• A personal pension policy
• Additional voluntary contributions
• Another ARF
• A defined contribution occupational pension scheme
• A buy out bond
• A personal retirement savings account

Investment options

Clients have a range of investment options to choose from, so they can be adventurous or cautious or anything in between. If they’re not sure how they feel about risk, our Risk Profiler could help them decide. They can choose to invest in:

• Funds


• MyFolio funds


• Deposits


• Execution-only stockbroking