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 benefit pension you can’t get a transfer value.
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.