If an AMRF is valued at €70,000 on 1 July 2020, what is the maximum withdrawal in that scenario assuming no prior withdrawals in 2020?

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Multiple Choice

If an AMRF is valued at €70,000 on 1 July 2020, what is the maximum withdrawal in that scenario assuming no prior withdrawals in 2020?

Explanation:
AMRFs have a limit on how much you can withdraw in a year: you may take up to 4% of the AMRF’s value in that year, as long as there have been no prior withdrawals in the same year. With the AMRF valued at €70,000 on 1 July 2020 and no withdrawals earlier in 2020, the maximum you can withdraw is 4% of €70,000, which is €2,800. The other amounts would require withdrawing more than 4% of the fund, which isn’t permitted under this rule.

AMRFs have a limit on how much you can withdraw in a year: you may take up to 4% of the AMRF’s value in that year, as long as there have been no prior withdrawals in the same year. With the AMRF valued at €70,000 on 1 July 2020 and no withdrawals earlier in 2020, the maximum you can withdraw is 4% of €70,000, which is €2,800. The other amounts would require withdrawing more than 4% of the fund, which isn’t permitted under this rule.

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