# Finance Act 2004, Section 211: Valuation of crystallised rights for purposes of section 210

Extent: E+W+S+N.I.

(1) The value of the member’s crystallised rights under an arrangement on any date is the aggregate of—
(a) the value of each scheme pension or lifetime annuity to which the member has an actual (rather than a prospective) entitlement under the arrangement on that date, ...
(b) the aggregate of the amount of the sums, and the market value of the assets, representing the member's drawdown pension fund in respect of the arrangement on that date (if any), and
(c) the aggregate of the amount of the sums, and the market value of the assets, representing the member's flexi-access drawdown fund in respect of the arrangement on that date (if any).
(2) The value of a scheme pension or lifetime annuity is—
RVF×ARPwhere—
RVF is the relevant valuation factor (see section 276), and
ARP is an amount equal to the annual rate of the pension or annuity on the date.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/211 (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-211
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.