Uncrystallised

Refers to pension savings you haven’t accessed yet in any way (so no lump sums, income etc).

Meaning your money hasn’t been taxed yet. Whenever you take money from your pension pot, it’s worth being aware of the tax you’ll likely have to pay.

You can take a look at the different ways you can take your pension – and how they’re taxed – in our quick guide:

Your options at retirement »