Approved Retirement Fund (ARF)

With the introduction of PAYE Modernisation, your clients can now see their tax credit allocation for Standard Life income on www.revenue.ie via 'MyAccount'. If they're due to be paid by us for the first time, they'll also find an option to add a job or pension. They’ll need our tax registration number, which is 3586780HH.

A QFM looks after Imputed Distribution for the ARF/Vested PRSA assets they hold. Where your client has more than one ARF/Vested PRSA, is with more than one QFM, and has a total ARF/Vested PRSA portfolio worth more than €2M, they must nominate a single QFM to operate the Imputed Distribution.

You can find out whether your client qualifies, and get more information about our QFM nomination process by emailing us on arf_payroll@standardlife.ie 

Please remember that you'll need to make sure your emails and any scanned and emailed documents are properly protected and secure. We can't guarantee that any email you send us will be received, or that it will remain private and unaltered during internet transmission.

ARF/Vested PRSA customers aged 60 for the full tax year who have not met their Imputed Distribution requirement are paid in December.

If your client withdraws more than the value of their policy's unit-linked funds, they'll need to have enough money in their policy cash account to cover the withdrawal.

For investments in Self-Directed Options, sometimes we need to sell assets to make sure there's sufficient cash balance before year end to allow a withdrawal. If that applies to your client, we'll be in touch with you both in the near future.

Since the introduction of PAYE Modernisation in 2019, employers and pension providers no longer issue clients with P60s. Instead your clients can view, download and print their Employment Detail Summary on www.revenue.ie using ‘PAYE Services’ under ‘myAccount’.