Vested PRSA query

[J.P.]

Hi,

When a vested PRSA holder dies, if their will specifically states the transfer of any remaining funds within their vested PRSA into a policy in the name of their surviving spouse -

1. Are the imputed distribution drawdown requirements still applicable to the surviving spouse ? i.e. do they have to make a 4%, 5% annual drawdown ?

2. Fund growth – does any future fund growth remain tax free or does it now become taxable when in the name of the surviving spouse ?


Regards,

J.P.

 

[GSheehy]

1. Yes (if they're of the age).
2. Gross roll up still.

 

[J.P.]

Thank you GSheehy