Changes for retirees following the Finance Act 2021.

31/01/2022 Posted by Communications | Comments(0)

Following the Finance Act 2021, AMRF plans are no longer required and all existing AMRFs are now automatically recorded as ARFs.

Members’ can invest directly into an Approved Retirement fund (ARF) with the balance of their fund after availing of their 25% retirement lump sum and will no longer need to meet any of the following requirements:

  • Invest €63,500 into an Approved Minimum Retirement Fund (AMRF).
  • Use €63,500 to purchase an annuity (pension income for life).
  • Keep €63,500 as a restricted fund in a vested PRSA (vested Personal Retirement Savings Account).
  • Have a guaranteed pension income of €12,700 a year.

  • We recommend our members’ approaching retirement take advice when considering their retirement choices. The CERS Trustee preferred financial adviser is Milestone Advisory DAC. You can contact the Milestone Team team or your own financial adviser to assist you to review your investment choices. Milestone Advisory DAC can be contacted via the website (, by post, Linden House, 4 Clonskeagh Square, Clonskeagh, Dublin 14, D14 FH90 or by email (

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