Final Salary Pension Transfer Calculator

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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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Final Salary CETV Calculator Notice

This cetv calculator and the additional information we provide does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 0208 432 7333 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.

Neil Adams, Pensions & Investments Expert at Drewberry

Transferring out of a final salary pension scheme is a high-risk venture and won’t be suitable for everyone, except in some very limited circumstances.

It’s also a regulatory requirement, in most instances, to get professional financial advice.

Neil Adams
Final Salary Pension Expert

As of 1st October 2020 the advice process will involves fees, which you pay regardless of whether advice is to retain your scheme benefits or transfer them.

Why Is Final Salary Pension Advice So Complicated?

Some recent high-profile cases, such as those surrounding the collapse of British Steel, highlighted the risks involved with final salary transfers.

The Pensions Regulator — one of the bodies which regulates defined benefit pension schemes and lays out rules surrounding their transfer — requires that all scheme members (except where the CETV is less than £30,000) take professional advice if considering a transfer.

Furthermore, we are authorised and regulated by the Financial Conduct Authority (FCA), our industry regulator. The FCA believes that transferring final salary benefits is unlikely to be in the interests of most people.

This is also our opinion unless we can prove beyond a doubt that a transfer will be in your best interests.

Working With Drewberry…

At Drewberry, with everything we do we try to be the best we can and that is no different with out final salary pension transfer advice. We have a team of in-house experts, analysts and support staff who work on defined benefit pension transfers every day.

Some other advisory firms, on the other hand, may only do a few final salary transfers per year.

We also do all of the analysis and reporting when it comes to our advice in-house as well, which means there’s no delay while we wait for external third party analysts.

Fees and Charges

Following lengthy consultations, the FCA banned final salary transfer advice on a ‘no transfer, no fee’ basis. This means if you start the advice process, you pay a fee regardless of the outcome.

When you speak to us, we provide you with details of the fees you’ll incur. This will be the case no matter which regulated adviser you choose. Be very wary of those offering fee-free transfer advice as this is likely to be a scam.

Our Advice Process

As mentioned, we’re different from many other advice firms. We undertake all research and calculations in-house rather than relying on third parties. This saves time and costs.

We will not facilitate the transfer and sign transfer paperwork unless our advice is to proceed with the transfer.

Independent Verification

We operate as an appointed representative of Quilter Financial Planning, itself part of the financial services giant Old Mutual Wealth. For additional reassurance, all of our advice goes through independent vetting from Quilter before we present it to you.

To understand our advice process more fully and for further information, book an appointment to speak to one of our pensions advisers.

Why Speak to Us?

We started Drewberry because we were tired of being treated like a number and not getting the service we 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
    Our sophisticated financial modelling technology visually shows you your financial future. A living financial plan reveals what you can achieve depending on the decisions you make — read more
  • Achieve the retirement you deserve
    Can you afford that dream round-the-world trip or to 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
    We take care of organising your pensions, investing your assets, managing risk and making the most of your tax allowances.
  • 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 3782 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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85 Queen Victoria Street
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125-135 Preston Road
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If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is

Drewberry Ltd is registered in England and Wales. Companies House No. 06675912

Drewberry Ltd registered office: Telecom House, Preston Road, Brighton, England, BN1 6AF. Telephone 0208 432 7333

Drewberry Ltd (Financial Conduct Authority No. 505473) is an Appointed Representative of Quilter Wealth Limited and Quilter Mortgage Planning

Limited, which are authorised and regulated by the Financial Conduct Authority.


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