A personal pension becomes a 'crystallised pension' as soon as you cash it in and start taking your retirement benefits. You can crystallise your pension from the age of 55 and can access your crystallised pension via drawdown or an annuity.

What does Crystallised value mean?

The word 'crystallised' just refers to when you start taking pension benefits. The amount which is crystallised is the amount of your pension used to start paying your pension income plus any amount used to pay you a tax-free lump sum..

At what age are all UK registered pensions considered to be fully Crystallised?

BCEs generally only happen before or at age 75. The only exception to this is if an individual's scheme pension in payment is increased by more than an allowable level, known as the 'permitted margin' (this is BCE3, which can occur at any age).