Farm money advice: Retirement options look better after pension changes

Historically, the pension options available to persons who reached retirement were fairly limited, says Kieran Coughlan.

In the past couple of weeks, there is welcome news that Revenue will accept a person in receipt of the full state pension of €243.30 per week (plus €182.75 Christmas bonus) as meeting the €12,700 minimum income requirement to avoid having to set up an AMRF.