Final Salary Pension Calculator
Defined Benefit Pension Transfer Value Calculator
If you’re curious and looking to do some rough sums to see if a pension transfer could be right for you then you can use this Final Salary Pension Transfer Calculator to give you a better idea of what you might be offered as a transfer value.
Across the market there is a wide range of transfer values on offer – normally between 20-25 times your pensionable income, although some schemes provide transfer values more than double other schemes, reflecting the wide range of methods used by pension scheme administrators to calculate transfer values. Your pension scheme administrator may print your CETV amount on your annual statement or you may have to request it.
Our Final Salary Pension Transfer Calculator offers you a realistic high and low range CETV estimate, based on current industry averages, on which to base your calculations.
It is strongly recommended that you speak to a pensions adviser if you’re considering a final salary pension transfer. Don’t forget, this is a mandatory FCA requirement if your DB pension is worth more than £30,000.