What is a benefit crystallisation event?

A benefit crystallisation event (BCE) occurs when you reach age 75, or take benefits (and one example of this is an annuity) before 75.
When this happens the total pension funds you take (or 'crystallise') will be measured against your remaining lifetime allowance and if this is exceeded a lifetime allowance charge will be imposed.
You will need to provide details of all your pensions and pension income to allow the calculation to be made.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

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