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Final Salary Pension Transfer Calculator

You don’t need much information to use our final salary pension calculator – you don’t even need to have received a cash equivalent transfer value (CETV).

A cash equivalent transfer value or CETV is the amount of money your pension provider is willing to pay you to transfer out of your final salary pension scheme.

But how do you calculate what your final salary pension is worth in terms of its transfer value? Or if you’ve already received a CETV, how do you know whether that pension transfer value is a good deal?  Simply pop your details into our calculator below to find out.

The only concrete details you’ll need to use our defined benefit pension transfer calculator are:

  • The age your final salary scheme lets you start drawing your pension
  • How much your final salary pension is worth in terms of annual income, and the year which you were given that valuation.

These can easily be obtained by contacting your pension scheme if you don’t already have them to hand. The other components of the final salary transfer value calculation depend very much on you and your circumstances.

Final Salary Pensions Transfer Calculator

Find out how much your final salary pension might be worth in today's money if you considered accepting a cash equivalent transfer value from your scheme.

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Discuss your results with our Pension Experts
Receive Our 2019 Guide to Final Salary Transfers

Why Are Pension Transfer Values So High?

Final salary pensions have long been seen as the gold standard of retirement savings because of the guaranteed income on offer.

However, such promises aren’t cheap, especially in an era of rising longevity and depressed investment returns. As such, pension transfer values have skyrocketed as pension providers use tempting transfer offers to nudge members towards transferring out of final salary pension plans.

Drewberry has published a guide on this topic if you have more questions about what a CETV is and what high final salary pension transfer values mean for your pension.

Need Final Salary Pension Transfer Advice?

Our Final Salary Pension Transfer Calculator is designed to be used alongside the page on final salary pension transfer advice to give you an outline of your options if you have a defined benefit pension and are considering a pension transfer. However, neither should be taken as financial advice.

We find there’s no substitute for help on the other end of the phone, so why not give one of our qualified pensions experts a ring on 02084327333?

We’re here to offer you pensions advice on all aspects of final salary pension transfers, including wealth management of your pension pot after the transfer should a final salary pension transfer be in your best interests.

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.

Your Financial Plan: Build A Better Future

A good financial plan can help you make the right decisions when it comes to your finances. Make the right decisions today to build a more prosperous future.

Good financial planning with clear goals can increase your retirement income by as much as 53%. Old Mutual Redefining Retirement Survey

Why Speak to Us…

We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as planning our finances. Below are just a few reasons why it makes sense to let us help.

  • See your financial future
    We use sophisticated financial modelling technology to visually show you your financial future. A living financial plan where you can clearly see what you can achieve depending on the decisions you make – read more
  • Achieve the retirement you deserve
    Can afford that dream round-the-world trip? Can you help your children onto the property ladder? We’ll model your goals and build your financial plan to help you achieve them.
  • Our expertise saves you time and provides peace of mind
    Organising your pensions, investing your assets, managing risk and making the most of your tax allowances is all taken care of as part of your financial plan.
  • We’ve got bargaining power on our side
    This allows us to negotiate better rates for you than dealing with providers yourself.
  • You’ll speak to a dedicated expert from start to finish
    You will speak to a named expert with a direct telephone and email. No more automated machines and no more being sent from pillar to post – you’ll have someone to speak to who knows you.
  • Benefit from our 5-star service
    We pride ourselves on providing a 5-star service, as can be seen from our 2386 and growing independent client reviews rating us at 4.92 / 5.
  • Gain the protection of regulated advice
    You are protected. Where we provide a regulated advice service we are responsible for the decisions we help you make. Doing it yourself or going direct to a provider won’t provide this protection, so you won’t benefit from these securities.
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Our purpose is simple: Improve your financial wellbeing. We use technology to bring your financial future to life and provide a visual plan of where you are today, where you want to go and what's necessary to achieve this.

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Pension Pot Calculator

Pension Pot Calculator

How much will your pension be worth when you retire? Use our Pension Calculator to work it out and get a free copy of our Guide to a Richer Retirement.

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Pension Drawdown Calculator

Pension Drawdown Calculator

When will your income drawdown pension run out? Enter the anticipated size of your pension pot at retirement and follow these easy steps to calculate how long your pension will last.

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Final Salary Calculator

Final Salary Pensions Transfer Calculator

Find out how much your final salary pension might be worth in today's money if you considered accepting a cash equivalent transfer value from your scheme.

  • £
Discuss your results with our Pension Experts
Receive Our 2019 Guide to Final Salary Transfers

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