212 Valuation of uncrystallised rights for purposes of section 210
Finance Act 2004 (2004 c 12) | Legislation

212  Valuation of uncrystallised rights for purposes of section 210

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

(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 member's flexi-access drawdown fund].

(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,

(b)     in accordance with subsection (5) if the arrangement is a money purchase arrangement [that is neither a cash balance arrangement nor a collective money purchase arrangement],

(c)     in accordance with subsection (6)

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