$1.$ Which of the following transactions would not require a fund to apply for a tax directive? Choose the correct answer.

Armand takes his living annuity with a total remaining value of R$115,000\mathrm{.}00$ as a lump sum.

Danielle retires and uses her total retirement benefit of R$750000$ to purchase a living annuity.

Llewellyn retires, takes only R$550,000\mathrm{.}00$ of his R$2,5$m retirement benefit as a lump sum and purchases a life annuity with the balance.

The beneficiaries of Pams death benefit in a retirement annuity fund all decide to take their allocated portions as lump sums.