RBCE
'Relevant Benefit Crystallisation Event'. This complicated-sounding term means any lump sum with a tax-free element that counts against your lump sum allowance and/or your lump sum and death benefit allowance.
The most common RBCEs are the tax-free cash lump sum and the uncrystallised funds pension lump sum. Some lump sums on death are also RBCEs.
At each RBCE, you'll receive information from your pension provider about how much of the allowances was used.
More on Pensions and retirementPopular terms
Ready-made pension
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Money paid in is automatically invested...
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Non-workplace pension
A type of pension that you set up yourself. You control how much you pay in (and when) as well...