Revenue Note for Guidance

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Revenue Note for Guidance

787H Approved Retirement Fund option

This section provides that at the time the assets of a PRSA may be made available to a beneficiary in accordance with section 787K (see below) the beneficiary may opt to have the assets transferred to an approved retirement fund. In that event the option will be treated as an option under section 784(2A) and sections 784A to 784D will apply accordingly. The assets that may be transferred to an ARF are the PRSA assets less—

  • any tax free lump sum payable, and
  • any amount required to be transferred to an AMRF.

Relevant Date: Finance Act 2019