Crystallise final salaries before money purchases - UK

Setting final salary benefits to be crystallised before money purchases

If in a given year the lifetime allowance test is being performed on a combination final salary schemes and money purchases and you would prefer the final salary tests to be performed first, a preference is available on the Dashboard>Plan Settings

Once in Plan Settings, to the left of the screen is the menu >Calculation Settings

Click on Calculation Settings and select the bottom option 'Crystallise final salary before money purchase'. Click in the grey area to toggle this on.




Related topics

Lifetime Allowance Protection - Where to enter your client's eligibility for LTA protection