Benefit Crystallisation Event - Glossary - Knight Knox

Glossary

The world of property investment can sometimes be confusing; our Glossary is full of useful terms to help every investor, whether they are a first time landlord or a seasoned portfolio builder.


B

Benefit Crystallisation Event


An event that results in the payment of an authorised benefit from an individual’s pension scheme. The most popular BCEs in retirement are:

  • Taking pensions commencement lump sum (PCLS)
  • Crystallising funds to provide income via drawdown, scheme pension or annuity respectively
  • Lump sum payable on death

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