How much might my pension be worth?
Transfer values are only available to "deferred members" of schemes. This means you've left the company, or are about to leave, but have yet to start your pension. Once a final salary pension is in payment it cannot be transferred.
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.
- You can ask your old employer/pension scheme for a transfer value which will usually take a few weeks to arrive.
- Tideway has seen quotes from an increasing number of schemes and so we may have seen one from your employer already, in which case we can give you a pretty accurate guide to what the value might be. Check here to see the list of schemes and call us on 020 3178 5982 if your scheme is on the list.
- Or, use our calculator to both estimate that transfer value and see how much might be available to pass on.
New proposals have been made to permit any unused drawdown account to passed on free from inheritance tax when you die.
Use our Final Salary Transfer Value calculator