Tax consequences on death of an ARF or Vested PRSA holder

In this issue of TechTalk, we look at the treatment of Approved Retirement Funds (ARFs) and Vested Personal Retirement Savings Accounts (PRSAs) on death and examine the tax consequences on payments made as a result.

The possible taxation of the funds on death depends on the recipient of the fund and their relationship to the deceased ARF/Vested PRSA holder. In this TechTalk we examine each possible scenario. 

  1. Recipient: Spouse/Registered Civil Partner
  2. Recipient: Child under 21 inheriting the proceeds of an ARF
  3. Recipient: Child over 21 inheriting the proceeds of an ARF
  4. Recipient: Funds passing to others not a Spouse/Registered Civil Partner or children.

Read the latest Techtalk to find out more.

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