CETV Question

skid112

Hello,

I have been asked to produce a CETV for a couple of pensions I have, one is a SIPP, the other a DC pension at work.
I was under the impression that CETV is only for Defined Benefit schemes, or am I mistaken?

thank you

sandsy

It just means the value of the pension if you were to transfer it out of its current scheme into another scheme.

With most modern DC pensions, the transfer value is the same as the current value. With some older ones, or potentially any investing in with profits funds, the transfer value could be less than the current value if any exit charges/penalties for withdrawing early apply.

skid112

thank you for your response

Brynsam

skid112 wrote: »

Hello,

I have been asked to produce a CETV for a couple of pensions I have, one is a SIPP, the other a DC pension at work.
I was under the impression that CETV is only for Defined Benefit schemes, or am I mistaken?

You're correct. From the wording of your question, it sounds as if this might be in connection with divorce proceedings?

skid112

Brynsam wrote: »

You're correct. From the wording of your question, it sounds as if this might be in connection with divorce proceedings?

Yes it is for that

Silvertabby

“ You're correct. From the wording of your question, it sounds as if this might be in connection with divorce proceedings?
Originally posted by Brynsam

skid112 wrote: »

Yes it is for that

Then when you request these CETVs, you must say that they are for divorce purposes rather than a transfer out as the paperwork is different. Specifically, you need a Form E.