Crystallised
The part of your pension that you’ve already accessed. You need to access some of your pension (i.e. crystallise it) before you can withdraw money from it.
The pension money you’ve accessed but not withdrawn as pension income (or used to buy an annuity) remains in your pension as your ‘crystallised’ funds. See also Drawdown pension.
More on Pensions drawdownPopular terms
Lump sum and death benefit allowance
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Lump sum allowance
When you access your pension, you can usually take up to 25% of the value tax-free. The lump sum allowance...
Ready-made pension
A simple, low-cost pension where you choose from four AJ Bell fund options.
Money paid in is automatically invested...