Uncrystallised Fund definition

Uncrystallised Fund means any part of an Individual Fund which is not a Drawdown Fund and has not been applied towards the provision of any other benefit in accordance with the Rules.
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Uncrystallised Fund means any part of an Individual Account which is not a
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Uncrystallised Fund means, in relation to a member only, any part of your individual fund that has not been applied towards the provision of any benefit under the scheme.
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Examples of Uncrystallised Fund in a sentence

  • The Trustee may pay a lump sum to a Member who is due to apply all or part of his or her Uncrystallised Fund to provide a Pension Benefit.

  • The Trustee may pay a lump sum to a Member under paragraph 4A of Schedule 29 to the Finance Act 2004 from his or her Uncrystallised Fund provided that the conditions for payment of such benefit under the Finance Act 2004 have been satisfied.

  • The withdrawal from your SIPP is a Benefit Crystallisation Event and the corresponding 75% of your Uncrystallised Fund will be Crystallised and transferred to a Parmenion Flexible Income Account (FIA).

  • Further consideration might also be given to how to deal with the non-taxable element of an Uncrystallised Fund Pension Lump Sum (UFPLS), which is not a PCLS.50 It is believed that the power to make an order against UFPLS benefits is contained within MCA s.25B (4), but the current version of the Pension Attachment Annex does not reflect this (see below).

Related to Uncrystallised Fund

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