Anthea has a vested PRSA. At age 75, which option will NOT be available for the balance of her PRSA?

• A. Retain the balance in the PRSA
• B. Take the balance as a taxable lump sum
• C. Transfer the balance into an AMRF
• D. Buy an annuity

Answer: (C)

Age-based rules determine what you can do with a PRSA balance at retirement, especially around the AMRF option. The Approved Minimum Retirement Fund (AMRF) path is designed to be used up to a certain age. You can transfer funds into an AMRF only up to that age; after you reach 75, that transfer option closes. So at age 75, transferring the PRSA balance into an AMRF isn’t available. You still have other choices: you can keep the balance within the PRSA, take a taxable lump sum, or use the funds to buy an annuity. The key point is that AMRF transfers are not permitted once you are 75.