In a vested PRSA scenario with a total vested amount and €63,500 ring-fenced, what is the unfenced portion?

In a vested PRSA scenario with a total vested amount and €63,500 ring-fenced, what is the unfenced portion?

• A. €63,500
• B. €36,500
• C. €0
• D. €100,000

Answer: (A)

In a vested PRSA, the unfenced portion is simply what’s left after you set aside the ring-fenced amount. So you take the total vested amount and subtract the ring-fenced figure (63,500 in this case). The result is the unfenced portion. Since the total vested amount isn’t stated, you can’t pin down a numeric value from the information given. For example, with a total vested of 100,000, the unfenced portion would be 36,500. The 63,500 figure would represent the ring-fenced portion, unless the total vested were 126,000, which would produce 63,500 unfenced.

In a vested PRSA, the unfenced portion is simply what’s left after you set aside the ring-fenced amount. So you take the total vested amount and subtract the ring-fenced figure (63,500 in this case). The result is the unfenced portion. Since the total vested amount isn’t stated, you can’t pin down a numeric value from the information given. For example, with a total vested of 100,000, the unfenced portion would be 36,500. The 63,500 figure would represent the ring-fenced portion, unless the total vested were 126,000, which would produce 63,500 unfenced.