- Under the 1972 Finance Act a limited company may establish an Approved Retirement Trust Fund for the exclusive use of its Proprietary Directors
- Revenue/cash can be transferred from the company to the Approved Retirement Trust Fund (reducing Corporation Tax)
- When the cash is in the Approved Retirement Trust Fund, it can make virtually any investment it cares to and pays no tax on income/capital gain
- The Approved Retirement Trust Fund does not form part of the company’s assets
- A Director may gain access to the Approved Retirement Trust Fund from age 50
- On Directors retirement, 25% of total Approved Retirement Trust Fund can be paid out tax free
- Once the Approved Retirement Trust Fund is dissolved, remaining assets are transferred to an Approved Retirement Fund (ARF)
- New maximum fund limit for any one director - €5 million
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