Death In Service Benefit v ARF

[misstealeaf]

Can somebody just confirm to me that a death in service benefit paid into the estate of a deceased person is different to funds paid into the estate from an ARF?

Can an ARF only be taken out by a person once they retire- i.e. they have to use their retirment funds to buy into an ARF?

I know that where a child inherits an ARF it is subject to income tax and death in service benefit is subject to CAT- obviously dependent on relationship with deceased and usual CAT rules.

 

[Gordon Gekko]

Death in service benefit is subject to CAT (so no tax for a spouse).

An ARF becomes the surviving spouse's ARF.

So they are different.

In order to have an ARF, one must opt to do so when taking retirement benefits.