Logo Login Login Register Search Your retirement Your income in retirement Your income in retirement How you'll receive your income in retirement depends on the type of post-retirement policy you opt for, which could be an approved retirement fund (ARF) or an annuity. Understanding how you'll receive your income will leave with you more time to make the most of your retirement. Taking income from an ARF Annuity payments Understanding tax on retirement income Taking income from an ARF With an ARF, you can keep all or part of your retirement fund invested but you can withdraw your money when you need to. You can: Take regular withdrawals of a fixed amount before tax or as percentage of your policy value before tax Increase or reduce your regular withdrawal Take lump sum withdrawals Any withdrawals from an ARF are treated as income and taxed under the PAYE system. Each year in December, you may have to withdraw a certain percentage from your ARF to match Revenue requirements. You can find more information in the Guide to your payments PDF below. FAQs View all FAQs Guide to your payments Guide to your payments Pensions Pensions and retirement Your retirement Why start a pension now? Your retirement hub Your retirement options Your income in retirement Annuity or ARF Our Pension products ARF or Annuity - Which is right for you? Use our tool to find out more There's a lot to look forward to Have a question? FAQs Contact us Your account Login Register Connect with us Pensions Pensions FAQs Choosing the right pension Combining your pensions Your retirement Our Pension products Having enough money when you retire Investments Savings and investments Our savings and investments products Savings and Investments FAQs Your options Deposits MyFolio Funds Stockbroking Direct Property Risk questionnaire News Standard Life and Phoenix Group Media contact Careers Community involvement My Standard Life Information for existing customers With Profits Investments About us Privacy Policy Cookie Policy Legal information Accessibility Modern slavery statement Solvency Reports © 2021 Standard Life Aberdeen Website brand and provider details This site features Irish products provided for residents of the Republic of Ireland by Standard Life International dac. Standard Life International dac is regulated by the Central Bank of Ireland. Standard Life International dac is a designated activity company limited by shares and registered in Dublin, Ireland (408507) at 90 St Stephen’s Green, Dublin D02 F653. © 2021 Standard Life. All rights reserved. We use strictly necessary cookies when you visit our website to give you the best experience possible and to keep things secure. We’d also like your consent to set other cookies to help us improve our website and to tailor the marketing you see. Manage cookies Decline all Accept all