BCE 1

Resource type: Glossary item

Status: Maintained

Jurisdictions: England, Scotland, Wales

A benefit crystallisation event (BCE) (www.practicallaw.com/9-380-6406) that triggers a test against the lifetime allowance (www.practicallaw.com/8-201-6477) available to a member of a registered pension scheme (www.practicallaw.com/5-201-6474). BCE 1 occurs when a member of a money purchase scheme (www.practicallaw.com/0-107-6857) (or a member of a money purchase section of a defined benefit scheme (www.practicallaw.com/0-107-7545)) decides to designate some or all of his pension fund as drawdown pension (www.practicallaw.com/7-507-1079). The amount crystallised is the value of the drawdown pension.

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  • Resource ID: 0-380-7453
  • Products:  IP&IT, PLC UK Commercial, PLC UK Environment, PLC UK Pensions, PLC UK Public Sector
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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Practice note: overview
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Glossary
  • BCE 2 BCE 2 (http://crossborder.practicallaw.com/topic8-380-7454)
  • BCE 3 BCE 3 (http://crossborder.practicallaw.com/topic3-380-7480)
  • BCE 4 BCE 4 (http://crossborder.practicallaw.com/topic5-380-6408)
  • BCE 5 BCE 5 (http://crossborder.practicallaw.com/topic7-380-6412)
  • BCE 5A BCE 5A (http://crossborder.practicallaw.com/topic9-380-6449)
  • BCE 5B BCE 5B (http://crossborder.practicallaw.com/topic8-507-1804)
  • BCE 6 BCE 6 (http://crossborder.practicallaw.com/topic7-380-6450)
  • BCE 7 BCE 7 (http://crossborder.practicallaw.com/topic9-380-7482)
  • BCE 8 BCE 8 (http://crossborder.practicallaw.com/topic5-380-6451)
  • BCE 9 BCE 9 (http://crossborder.practicallaw.com/topic4-507-1815)
  • Benefit crystallisation event (BCE) Benefit crystallisation event (BCE) (http://crossborder.practicallaw.com/topic9-380-6406)
  • Drawdown pension Drawdown pension (http://crossborder.practicallaw.com/topic7-507-1079)
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