HAVE AN ARF
Q – Recently retired at the age of 56, I have just taken out an Approved Retirement Fund (ARF) and have been told I must take this “imputed distribution” of 4% of the fund each year. Is this true – I don’t really want to touch the fund as I am still relatively solvent and want it to continue working until I cannot, at which point the money will come in handy. Jack – Mullingar Co West Meath