How much might my final salary pension be worth?

Transfer values are only available to "deferred members" of final salary pension 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 pension 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 defined benefit pension 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. Click here to see the list of pension schemes and call us on 020 3143 6100 if your scheme is on the list.

New proposals have been made to permit any unused drawdown account to be passed on free from inheritance tax when you die.

If you are yet to receive a transfer offer you can create an estimate using Tideway’s Defined Benefits Pension Transfer Value Calculator.

How the transfer advice process works >

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

Tideway Investment Partners LLP
107 Leadenhall Street
London EC3A 4AF
+44 (0)20 3143 6100

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