studyboy321
Made first post
Hi,
I have had a go at X5 and I am looking at the solutions and it mentioned 'crystallised' a lot.
I have not come across this and I have googled it, but I can't seem to understand how it applies to the scenarios. For example, Q5.3.c solution - "any deficit would be crystallised within the transfer value calculation, reducing the benefit received".
Or Q5.3.d solution - "It may be possible to avoid realising assets. However, any scheme deficit would again be crystallised, reducing benefits".
So does it mean that it they have been accessed, or have been realised, but how would the deficit be crystallised, like would it be quantified in the transfer?
Can you please help me understand.
Many thanks
I have had a go at X5 and I am looking at the solutions and it mentioned 'crystallised' a lot.
I have not come across this and I have googled it, but I can't seem to understand how it applies to the scenarios. For example, Q5.3.c solution - "any deficit would be crystallised within the transfer value calculation, reducing the benefit received".
Or Q5.3.d solution - "It may be possible to avoid realising assets. However, any scheme deficit would again be crystallised, reducing benefits".
So does it mean that it they have been accessed, or have been realised, but how would the deficit be crystallised, like would it be quantified in the transfer?
Can you please help me understand.
Many thanks