Drewberry™ provide pensions, investment and insurance advice for Money to the Masses readers throughout the UK.

Calculate your pension transfer value with the Drewberry defined benefit pension transfer calculator

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.

cash equivalent transfer value calculator

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 Pension 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.
This calculator is an excellent first step when deciding whether to transfer away from a final salary pension scheme.
Damien Fahy
Have you received a pension transfer value?
What is the transfer value the pension scheme has offered? This is often called a cash equivalent transfer value and is the lump sum the pension scheme is willing to pay you to transfer out of the final salary scheme.
Input the details from your last pension statement below and find out what we would anticipate to be a good cash equivalent transfer value.
Year of Pension Valuation This is the year your annual pension income was last calculated for, we need this date so we can multiply the value of your pension income up to today's value.
Annual Pension Income This is the annual income you can expect to receive from your pension.
At what age are you due your pension? This is the age at which you expect to start receiving your pension.
Your information is treated with the upmost respect and under no circumstance we will email you or ever pass your details onto third parties unnecessarily. Any information you provide will be treated as strictly private and confidential under the General Data Protection Regulation (GDPR) 2018.
First Name
Date of Birth
Email Address Enter your email address to receive your summary report and our exclusive 20 page 'Making Sense of Final Salary Pensions' e-guide.
Telephone Get your FREE 30 minute Pension Health Check. Find out whether you're on track for your ideal retirement and get some guidance on action you can take today to make for an even better tomorrow.
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Without agreeing to our terms and conditions and privacy policy we are unable to process your calculation and provide you with any results.

How good is your Final Salary transfer value?

Using our expertise we have modelled your results below so you can see what your final salary is likely to be worth as a single lump sum if you were to consider transferring out of the pension arrangement. Based on our experience and understanding of the transfers offered by various schemes we have created bandings based on what we would deem to be good value.

If you are considering what to do with your final salary pension it is very important to speak to an expert pension adviser. Please do not hesitate to call us on 02084327334.

Introduction to Financial Planning [VIDEO]

Fair value is based on the average transfer value from Xafinity Transfer Value Index for a £10,000 annual income for a 64 year old retiring at 65. (Nov 2017)
For individuals who are younger than 64 years old a 3% real investment return is taken into account when discounting the cash equivalent transfer value for their current age.
Neil Adams - Final Salary Pension Expert

These calculators help but sometimes it doesn't beat talking to a human. If you need any support please do not hesitate to pop us a call on 02084327334.

Neil Adams
Head of Pensions Advice at Drewberry


This calculation and additional information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327334 should you require financial advice.

A transfer out of a final salary scheme is irreversible and can only be done after advice has been given by a qualified financial adviser.

The transfer value bandings we calculate should only be treated as guidance, your personal circumstances and other wealth must be taken into account to understand whether your pension transfer is good value given your specific situation. For more information on the assumptions made in this calculator please click here.


Why are pension transfer values so high?

Final salary pensions, also known as defined benefit pensions, have long been seen as the gold standard of retirement savings. They provide members with an income for the rest of their life post-retirement, usually index-linked to retain purchasing power against the forces of inflation.

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.

Thinking of transferring out of your final salary pension scheme? Get expert pension transfer advice today.

Need final salary pension transfer advice?

The Drewberry 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, 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 you decide transferring out of your final salary pension is right for you.

Drewberry strongly recommends speaking 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.


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The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people. Tax treatment varies according to individual circumstances and is subject to change.