Defined Benefits Pension Transfer Value Calculator

This calculator provides an estimate of the transfer value you might be offered based on your deferred pension, the income you could receive and the residual pension fund values that would likely be available to pass onto beneficiaries.

The transfer value will depend on your age, the level of forecast pension when you retire, your retirement date and how generous the annual increases are on your pension both in deferment and when it gets paid. The range calculated is for illustration purposes only and does not constitute advice.

A deferred pension is one you are entitled to at retirement, or from a previous employer. But it must be before you have either taken the cash sum, or started the pension. If you are already receiving a defined benefits pension you can’t get a transfer value.

What does the calculator show?

The first calculation gives you an estimate of the range of transfer values you might get offered based on your deferred pension. 

The second calculation shows both the income you could receive and the residual pension fund values that would likely be available to pass onto beneficiaries. These are based on specific ages for handing over the pension and assumed rates of return.

Please click here to find out how to use this calculator, what it tells you and the assumptions it makes

How much is your annual pension income going to be (in today's money)?

£

When is it due to start?

 

Your pension transfer value could be in the range:

£ to £

Important Information:

  • If you are a member of a pension scheme with safeguarded benefits, it may be in your best interests to retain the safeguarded benefits.
  • In a defined benefits pension scheme, the cash and pension payments are fixed and guaranteed by your scheme and previous employer. Both defined pension benefits and transfers are relatively complex and you should always take advice about your options as you approach retirement. A transfer out of a defined benefits scheme is irreversible and can only be done after advice has been given by a qualified adviser.
  • Make sure you understand all the risks before investing.
  • The value of investments and the income they produce can fall as well as rise and you may not get back your original investment. Once you transfer, you will become responsible for the management of your investments.
  • Any information contained within this website should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to enter into a transaction, or as the basis for any financial or investment decision. Investors should always seek professional advice in regard to the suitability of any investment.

If I transfer my pension out of the final salary scheme, what might my fund be worth to my children or grandchildren?

If you know your actual transfer value, please enter it here - otherwise leave blank, and the transfer value above will be used

£

years

 

Figures rounded to nearest 1,000

Income paid

Residual fund

If I take the same pension income

£
  (over years)

£
  (lasts to age )

If I take 25% less pension income

£
  (over years)

£
  (lasts to age )

If I delay my pension by 5 years

£
  (over years)

£
  (lasts to age )

Tideway Investment Partners LLP
is authorised and regulated by the
Financial Conduct Authority.
FCA number 496214.

Contact
Tideway Investment Partners LLP
Thomas House
84 Eccleston Square
London SW1V 1PX
+44 (0)20 3143 6100
info@tidewayinvestment.co.uk