This event occurs when a member under a defined benefits arrangement (see ¶375-850) reaches the age of 75 without having taken all the benefits to which he is entitled. Whilst there is nothing in the legislation to prevent a member from delaying taking benefits for as long as he wishes (and thus delaying any tax charges), on attaining 75 he is effectively treated as having become entitled to all the benefits under the arrangement.

The amount crystallising is the sum of:

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