Measurement against the lifetime allowance (or that amount that has not been exhausted) is prompted by a benefit crystallisation event or BCE. The list of BCEs has been extended since FA 2004. They do not all refer to taking benefits.
Benefit crystallisation events and amounts crystallised, as described in FA 2004, s. 216, are as follows.
Benefit crystallisation events
Amount crystallised (edited)
1. The designation of sums or assets held for the purposes of a money purchase arrangement under any of the relevant pension schemes as available for the payment of drawdown pension to the individual.