Thank you all.
1. I qualify on the Age grounds.
2. I already have an AMRF for 63K this was taken out just before Finance Bill changing amount was published. This should mean on my 2nd PRSA I have the ability to convert to ARF or a vested PRSA as detailed above. When I took this out I found I had lost 5% when transferring to AMRF even though it was the same Company and same Fund.
3. Reason for converting to ARF would be to avoid the new levy which presumably would apply to a vested PRSA as well as normal PRSA. The 5% withdrawals I would put into a new PRSA.
The 5% withdrawals I would put into a new PRSA.
1) Is it possible to take out an AMRF even if one is eligible for an ARF (i.e. enough income)?
2) Is it possible to convert (part of) an ARF into an AMRF?
I presume that AMRFs escape the imputed distribution.
Then is it better now to go from PRSA to ARF (planned to go in 3 years and ARF eligible now) to save the levy for the next 3 years, 3 x .6%?
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