A CETV is the total value of your pension benefits in the NHS Pension Scheme.
If you have pension benefits in both the 1995 or 2008 Section and the 2015 Scheme, you’ll receive a CETV for each one.
A CETV includes any:
- Added Years you’ve purchased
- Additional Pension you’ve purchased
- membership you’ve transferred into the Scheme
- early retirement reduction buy out (ERRBO)
- rolled back membership
The Government Actuary Department (GAD) decide the factors used in the calculation of a CETV. If you receive different values compared to a previous CETV it may be because of:
- a change in pensionable pay
- the membership used
- different factors that have been used in the calculation
What is a CETV needed for
A CETV may be needed for:
- transferring out of the Scheme
- Pensions on Divorce or Dissolution of a Civil Partnership
If you are transferring out of the Scheme, we’ll guarantee the CETV for 3 months. This is called a statement of entitlement.
If you have less than 2 years qualifying membership in the NHS Pension Scheme, a CETV cannot be provided for divorce or dissolution of a civil partnership purposes.
Prenuptial agreement or divorce
If you need a CETV for a prenuptial agreement or divorce, you must complete a PD1 form.
Your employer must also complete a PD2 form if you’re actively paying into the Scheme.
Court Order
You’ll need a CETV if the courts need to consider the value of pension benefits in the proceedings.
If you're in receipt of a Court Order, you must complete a PD3 form.
This must be completed and sent with the original Court Order to us at:
NHS Pensions
PO Box 683
Unit 5
Newcastle Upon Tyne
NE5 9EE
Hypothetical CETV
You can request a CETV for information or financial purposes by completing part A of the transfer out guide and application pack.
If you’re an active member, your employer must also complete an FA11A.
Charges for requesting a CETV
You can request a CETV free of charge every 12 months unless:
- you’re a deferred member over your Normal Pension Age (NPA)
- it’s for a period that’s already been transferred out or refunded
- you’re a pensioner.
If you’ve retired from one section and are continuing to pay into the 2015 Scheme, you do not need to pay for the CETV.
Paying for a CETV
The payment must be sent to:
Sort code: 60-70-80
Account number: 10021205
Use your SD number or National Insurance (NI) number followed by your surname as the reference.
If you want to pay by cheque, it must be payable to ‘NHS Business Services Authority’.
Timescales
We'll provide you with a CETV and any additional information within 3 calendar months of receiving your request form(s).
Read more information about fast tracking a CETV.
Pensions on Divorce or Dissolution of a Civil Partnership
Active and deferred members
If your Court Order says the CETV must be provided before the 3 calendar months timescale, you must apply for your CETV to be fast tracked. This will be issued within 6 weeks for a charge.
Pensioners
If you’re receiving your NHS pension and you need the CETV before the 3 calendar months timescale for an urgent court date, send a copy of the letter showing the date of the court hearing to us with your PD1 form.
If you’ve already sent your PD1, send a copy of the letter to pensionspod@nhsbsa.nhs.uk.
We will try to provide this before the required date.
Court Orders
If the Court Order includes an order to us to provide the CETV by a specific date, send a copy of the Order to us. The CETV will be provided free of charge.
Read more information on Pensions on Divorce or Dissolution of a Civil Partnership on our website.