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How to Calculate a CETV Pension

CETV Pension definition

A CETV Pension, or cash equivalent transfer value, represents the expected cost of providing a pension scheme member with their benefit should they stay in the scheme. This also represents the amount that will be available to transfer from a final salary pension

CETV calculation

Your CETV Pension is calculated by working out the lump sum that will be required to provide an equivalent pension to the scheme pension at your retirement age.

This lumps sum is then reduced (discounted), depending upon how far away from retirement you are.

The scheme makes various assumptions in order to calculate the cash equivalent transfer value.

Accessing your CETV valuation

You are legally allowed to request a CETV valuation from your pension provider once every 12 months free of charge. Any further requests may be chargeable.

Calculate your CETV

Contact us today for more information about your CETV and find out if transferring your final salary pension is suitable for you.

Disclaimer: Final Salary Pensions are suitable for the vast majority of members. Transferring from a final salary pension scheme is an irreversible decision and it could have a detrimental effect on your retirement planning. The detail on this website is for information purposes only and is not to be taken as a personal recommendation. Before taking any action, you should take financial advice from a suitably qualified independent financial adviser. Any potential advantages of transferring from a defined benefit scheme to a defined contribution scheme are often outweighed by the costs, risks and loss of benefits involved.


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