A Cash Equivalent Transfer Value (CETV) is the amount your pension scheme will give you if you decide to transfer your pension. It is supposed to represent the value of the benefits you are giving up. If you don’t have yours yet you can use our simple calculator to get an estimate How is my CETV Calculated Your pension scheme administrators set your CETV using a calculation decided by the trustees. Things like your age, scheme retirement age, cost of living, life expectancy and whether you are married or single all have an impact on your transfer value. It is also worth noting that Pension Scheme trustees have the right to adjust transfer values so they represent “fair value” and do not adversely affect other members. If the schemes funding position changes or lots of people transfer out in a short space of time, your CETV can fall. WORKING OUT YOUR CASH EQUIVALENT TRANSFER VALUE The amount being offered for Final Salary Pension Transfers varies hugely from scheme to scheme with some schemes offering as much as forty times your pensionable income. Industry averages are between 20 - 33 times pensionable income. Some pension schemes will automatically update your CETV on your annual pension statement, in other schemes you will need to request it. We have developed a Transfer Value calculator that you can use to give you a rough guide of what you could be offered but it is always best to request an estimate from your pensions scheme administrator. Visit: 2020financial.co.uk/final-salary-pension-transfer-calculator