Pension Calculator

Cash Equivalent Transfer Value Calculator

The Pension calculator below, gives you an indication of the Cash Equivalent Transfer Value that you may expect to receive for your Final Salary Pension.

This is based on our past experience of advising Clients on pension transfers from many of the largest pension schemes in the UK. Obviously the Cash Equivalent Transfer Value (CETV) that you receive may differ from what is indicated here.

It is important to be aware that the Financial Conduct Authority (FCA), the regulator of financial advice firms, maintains the view that the value of guaranteed benefits available to members of a defined benefit or final salary pension scheme are such that for most scheme members a transfer to a money purchase arrangement, where you take on the investment risk of your pension fund, is unlikely to be in your best long-term interests.

What to consider before you request your Transfer Value…

Be aware of timescales

Typically CETV’s are valid for a period of 3 months. And so once your Transfer Value is requested, the transfer will need to be completed within 3 months. After this it will no longer be valid. Most pension schemes will only be obligated to provide you with one CETV a year. And so, if your CETV expires you may have to wait until you are eligible again to apply for a new transfer value. Alternatively some schemes allow you to request more than one CETV a year – however there is often a charge for this.

Speak to an Independent Adviser

If your pension transfer value is over £30k, government regulation states that you have to take advice from a qualified and regulated adviser (or Pension Transfer Specialist).

It is often best to speak to an Independent Financial Adviser / Pension Specialist – even before you request your Transfer Value. They will be able to give you an idea of your options and give you an opportunity to ask any questions.

For more information:

Preparing & Planning for Retirement

To speak to an adviser about your pensions and planning for retirement, contact us to book a free online consultation.

Arrange Free Consultation

Glasgow Wealth are an independent financial planning and investment management firm based on Glasgow’s George Square and serving clients throughout Scotland and the UK.

Contact us on Tel: 0141 328 3916 or Email:

For more information:

-> Pensions Advice – making sense of your pensions and planning for retirement

-> Pension Advice & Retirement Planning 

-> Final Salary Pension Transfers – are they worth the risk?