Related Commentary  Related HMRC Manuals

212(1)  Rights are uncrystallised if the member is not entitled to the present payment of benefits in respect of the rights.

212(2)  The member is to be treated as entitled to the present payment of benefits in respect of the sums and assets representing the member's drawdown pension fund or the memberʼs flexi-access drawdown fund.

212(3)  The value of the member's uncrystallised rights under an arrangement on any date is to be calculated–

(a)in accordance with subsection (4) if the arrangement is a cash balance arrangement,

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