A Standard PRSA differs from a Non-Standard PRSA in relation to which of the following: (i) Maximum contribution (ii) Investment funds it can offer (iii) Limit on charges?

• A. (i) only
• B. (i) and (iii) only
• C. (ii) and (iii) only
• D. (i), (ii) and (iii)

Answer: (C)

When comparing Standard and Non-Standard PRSAs, the main differences lie in what investment funds they can offer and how charges are applied. A Standard PRSA uses a fixed, standard range of funds with standard charging structures, while a Non-Standard PRSA can provide a broader selection of funds and may carry different or higher charging arrangements. The maximum contribution is set by pension/tax rules and does not change based on whether the PRSA is standard or non-standard, so that aspect does not distinguish the two. So the aspects that differ are the investment options and the charging limits, not the contribution cap.