Benefit Crystallisation Events

Created by: kayleigh anderson
Created on: 07-09-11 18:22

A transfer to a QROPS

Value of Fund

1 of 10

Designation of assets from a money purchase arrangement to provide an unsecured pension (e.g start of income withdrawal)

Value of fund

2 of 10

Member reaches age 75 having sums or assets as money purchase benefits under a relevant pension scheme (5a)

Total market value of the sums and assets in the drawdown fund plus any unused funds less the total amounts crystallised under benefit crystallisation event 1. under the arrangements

3 of 10

A lump sum death benefit paid in respect of the member either from a DB scheme or from the uncrystallised funds of a MP scheme

20:1

4 of 10

Member becomes entitled to a scheme pension (MP)

Value of fund

5 of 10

Member becomes entitled to a scheme pension (DB)

25:1

6 of 10

Member reaches age 75 having sums or assets as MP benefits under a relevant pension scheme (5B)

Total val of unused fund

7 of 10

Member becomes entitled to a lump sum

Value of fund

8 of 10

Member reaches age 75 with uncrystallised scheme pension and lump sum benefits

20:1 scheme pension + lump sum

9 of 10

Member becomes entitled to a lifetime annuity purchased under a money purchase arrangement

Value of fund

10 of 10

Other cards in this set

Card 2

Front

Designation of assets from a money purchase arrangement to provide an unsecured pension (e.g start of income withdrawal)

Back

Value of fund

Card 3

Front

Member reaches age 75 having sums or assets as money purchase benefits under a relevant pension scheme (5a)

Back

Card 4

Front

A lump sum death benefit paid in respect of the member either from a DB scheme or from the uncrystallised funds of a MP scheme

Back

Card 5

Front

Member becomes entitled to a scheme pension (MP)

Back

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Benefit Crystallisation Events