There is a minimum income you must take from your ARF each year, which is dependent on your age. If your ARF is under €2 million, you must withdraw:
4% of the value of your fund, if you are over 60.
5% of the value of your fund, if you are over 70.
If your ARF exceeds €2 million, you must take out 6% of the value of your fund each year.
Once you have taken your minimum withdrawal, you can take any additional income as you need it.
An AMRF is treated slightly differently. The maximum income you can take is 4% of your AMRF each year.
This imputed distribution is applicable to ARF holders who are 60 or over for the full tax year. Actual distributions made during the year from the ARF may be deducted from the imputed distribution to arrive at the net imputed amount, if any, to be regarded as a distribution.