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Crystallised Benefits
Bazzh
Posts: 24 Forumite
Received latest statement from my company pension provider. It says, value of benefits to be crystallised £185059.20. I'm not sure what that means. Can anyone please enlighten me. Thankyou.
0
Comments
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http://www.enhancedretirement.co.uk/glossary/
"A benefit crystallisation event (BCE) occurs when you become entitled to get a benefit from your pension fund, for example, when you retire. The total pension funds you take (or "crystallise") will be measured against your remaining lifetime allowance and taxed if it’s exceeded."0
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