Please select a personal insurance product you wish to contact us about. Clicking the product name will show you a list of contacts to choose from. Car insurance. Customer service Phone number: 0330 024 1158. Lines open: Monday to Friday 8am to 8pm, Saturday 9am to 5pm, Sunday and Bank Holidays 10am to 4pm.
If you are the beneficiary of an IRA, taxes must eventually be paid on the proceeds of the IRA. However, depending on your beneficiary status, there can be a lot of flexibility as to when the taxes must be paid.axes Must Be Paid Eventually. An IRA is a tax-deferred account, and Internal Revenue Service (IRS) rules force taxes to be paid on the account eventually. If you choose to withdraw any money from the inherited IRA, that money will be taxable for the year in which you made the withdrawal.
Updated August 04, 2016. If your loved one has died and you're the beneficiary of a retirement account such as an IRA or 401(k), then you can take over control of the account simply by presenting the deceased owner's original death certificate to the bank or other company where the account is being held.