Defined Benefit Pension Transfer Value Calculator

This calculator provides an estimate of the Cash Equivalent Transfer Value (CETV) you might be offered based on your deferred benefit (DB) pension.

The CETV you receive 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. If you are already receiving a defined benefit pension you can’t get a transfer value.

What do the calculators show?

The CETV Calculator gives you an estimate of the range of transfer values you might get offered based on your DB pension value, with the Beneficiaries Calculator outlining the potential values that would be likely available to pass onto your beneficiaries.

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

CETV Calculator

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:


Get in touch if you want to ask any questions about the results you get from our final salary pension transfer calculator. Further information and potential considerations when transferring your DB pension can be found in our user guide.

Beneficiaries Calculator

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



Figures rounded to nearest 1,000

If I take the same pension income

Income paid: (over years)
Residual fund: (lasts to age )

If I take 25% less pension income

Income paid: (over years)
Residual fund: (lasts to age )

If I delay my pension by 5 years

Income paid: (over years)
Residual fund: (lasts to age )

Get in touch if you want to ask any questions about the results you get from our final salary pension transfer calculator, or any of our other calculators. For further information on what to consider when transferring your DB pension see our guide.

Important information

The investment return rates would not be guaranteed and the cash sums and pension income you will be able to draw, and any residual value you will be able to pass on, from a transferred pension will depend on how much investment return your fund actually makes.

In a defined benefits scheme, the cash and pension payments are fixed and guaranteed by your scheme and previous employer. Both defined benefits 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.

If you are a member of a pension scheme with safeguarded benefits, it is likely it would be in your best interests to retain the safeguarded benefits.

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.

Tideway cannot be held responsible for any investment losses based on investment decisions made using this calculator without personalised advice from one of Tideway's advisers.

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.

Tideway Investment Group comprises the following entities: Tideway Investment Partners LLP and Tideway Wealth Management Limited. Tideway Wealth Management Limited is an appointed representative of Tideway Investment Partners LLP, which is authorised and regulated by the Financial Conduct Authority. FCA number: 496214.

Tideway Investment Partners LLP
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+44 (0)20 3143 6100

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