https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Cash_equivalent_transfer_valueCash equivalent transfer value - Revision history2026-09-20T21:03:38ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Cash_equivalent_transfer_value&diff=8633&oldid=previmported>Doug Williamson: Create page. Source: Cash equivalent value page.2019-03-10T22:22:49Z<p>Create page. Source: Cash equivalent value page.</p>
<p><b>New page</b></p><div>''Pensions''.<br />
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(CETV).<br />
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A cash equivalent transfer value is a lump sum in present day terms of the accrued rights of a member within a pension scheme. <br />
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It assumes that the member is leaving service and makes a transfer to an alternative pension arrangement. <br />
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The basis for the calculation of a CETV may be set out in the Trust deed, but even then may give Trustees discretion with respect to the valuation of discretionary benefits, which are often not taken into account. <br />
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Generally the Scheme Actuary, or some other appointed actuary, will have considerable freedom in the actuarial assumptions used in calculating CETVs.<br />
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== See also ==<br />
* [[Scheme actuary]]<br />
* [[Transfer value]]<br />
* [[Trust deed]]<br />
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[[Category:Accounting,_tax_and_regulation]]</div>imported>Doug Williamson