An Approved Retirement Fund (ARF) is a flexible arrangement that allows you to remain invested in funds after retirement and withdraw money as and when you wish. Any investment growth within the fund is currently tax free, however, withdrawals are taxed.
With an ARF you can:
- draw a regular income, or make withdrawals when you want - although the frequency and size of your withdrawals will impact the length of time your ARF can provide you with an income in retirement.
- pass on the remaining value of your fund to your dependants or other beneficiaries on your death.