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Why dont you leave the 75% balance in the PRSA and this would avoid the need of buying a ARF. By doing this you will avoid new contract charges and you wont have to pay tax on the imputted distribution charge of 5% and you can withdraw money when you want to rather than when the Revenue want you!!!
How do you make that out??? I think you may be refering to the fact that you must draw down the TFLS before the age of 75up until age 75 of course, after which you must exit the PRSA
How do you make that out??? I think you may be refering to the fact that you must draw down the TFLS before the age of 75
There is a facility to take benefits in stages, but a tax free lump sum may only be taken on the first occasion that benefits are taken. Benefits must be taken before age 75.
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