RPSM03101070 - Technical Pages: Protecting pension rights from tax charges: Valuing pension rights at 5 April 2006: Uncrystallised rights - money purchase arrangements

Uncrystallised pension rights: money purchase arrangements

For money purchase arrangements which are not cash balance arrangements, the value of the member's uncrystallised rights on 5 April 2006 is the aggregate of

• the value of the cash held under the arrangement, and
• the market value of the other assets held by the arrangement to provide the individual’s benefits.

Any loans or other indebtedness should be included in the calculation.