Benefits crystallisation event
I retired in 2009 aged 54 on Afps05 with 36 years service. Currently being paid an EDP. Trying to get my head around LTA which when I retired was not a consideration (at £1.75m) but now with a post retirement SIPP and LTA reduction most definitely is.
My question is whether a benefits crystallisation event took place when EDP started being paid which somehow used up part of the LTA, or is the calculation done afresh at age 65 when mil pension comes into payment and second lump sum received?
Although I might need paid for advice, there might be a general point here the specialists can answer?