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.
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