You also need to raise the Job VI skill to level 11 before you can Ascend. When you Ascend, level will be reset to 1 and all skills will be removed. And you will receive Ascend bonuses: +7% Exp, +15% Meso, +5 Dex, +1 Max Skill Level, and +3 SP. You will receive 1 point in each category and 5 bonus points to freely distribute. You keep all Ascend bonuses if you Ascend again. Bonus points increase after every Ascend, to a max of 20 per Ascend. Fame is an indicator of how many times you Ascended.