For the lifetime allowance charge to be triggered, a ‘benefit crystallisation event (BCE)’ must occur. These events can be briefly summarised as:

BCE 1: the designation of sums or assets as part of a member’s drawdown (previously, unsecured) pension fund under a money purchase arrangement (see ¶384-150);

BCE 2: the individual becoming entitled to a scheme pension (see ¶384-200);

BCE 3: the individual becoming entitled to more than a permitted increase in a scheme pension (see ¶384-250);

BCE 4: the individual becoming entitled to a lifetime annuity under a money purchase arrangement (see ¶384-400);

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