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Important life events


The decisions you make when you are retiring will have a significant bearing on your financial security and that of your dependants. Your point of retirement is when your pension funds should be at their most valuable. You should also think back over your career to ensure that you are getting pension benefits relating to any different periods of employment.

Your options at retirement may include:

  • taking a tax-free lump sum, subject to limits set by Revenue;
  • receiving a pension (sometimes provided by an annuity);
  • transferring some or all of your retirement savings to an Approved Retirement Fund (ARF)
  • taking a taxable lump sum; and
  • providing for dependants.

Only you can determine the right mix, but you should consider taking advice so that you fully understand the options and to help you with the decisions you make.