GAD guidance on calculating Cash Equivalent Transfer Values (CETVs) in each of the 1992, 2006 and 2015 schemes. Guidance for special members of the 2006 scheme will be sub-grouped under the 2006 scheme heading where relevant.

Note that calculations for the following members will be subject to adjustment in line with the GAD note on GMP indexation:


The factors dated 25 May 2023 should be read in conjunction with the guidance notes dated 30 January 2020.

Dated Operative Date Document
25 May 2023 29 March 2023

FPS 1992 updated table of factors (xlsx, 582kb)

30 January 2020  

FPS 1992 Statutory CETV and Club Transfers Out - factors and guidance (PDF, 18 pages, 473kb)

6 December 2018 29 October 2018

FPS 1992 Updated tables of factors (xlsx, 43.4KB)

13 May 2016  

FPS 1992 Addendum: updated tables of factors (PDF, 9 pages, 102kb)

27 July 2012  

FPS 1992 Statutory CETV guidance (PDF, 30 pages, 515kb)

30 June 2009  

FPS 1992 Transfer Values and Pension Sharing guidance (PDF, 58 pages, 224kb)


The factors dated 25 May 2023 should be read in conjunction with the guidance note dated 30 January 2020.

Dated Operative Date Document
25 May 2023 29 March 2023

FPS 2006 updated table of factors (xlsx, 582kb)

30 January 2020  

FPS 2006 Individual Cash Equivalent Transfers - factors and guidance (PDF, 24 pages, 558kb)

6 December 2018 29 October 2018

FPS 2006 Updated tables of factors (xlsx, 56.2kb)

17 June 2016  

FPS 2006 Second Addendum: calculation of CETVs for special members (PDF, 11 pages, 221kb) 

13 May 2016  

FPS 2006 First Addendum: updated tables of factors (PDF, 12 pages, 147kb)

14 February 2012  

FPS 2006 Statutory CETV guidance (PDF, 33 pages, 129kb)

30 April 2009  

FPS 2006 Transfer Values and Pension Sharing guidance (PDF, 80 pages, 272kb)


The factors dated 25 May 2023 should be read in conjunction with the guidance note dated 30 January 2020.

Dated Operative Date Document
25 May 2023 29 March 2023

FPS 2015 updated table of factors (xlsx, 582kb)

30 January 2020  

FPS 2015 Individual Cash Equivalent Transfers - factors and guidance (PDF, 33 pages, 555kb)

6 December 2018 29 October 2018

FPS 2015 Updated table of factors (xlsx, 75.8kb)

13 May 2016  

FPS 2015 Addendum: updated tables of factors (PDF, 13 pages, 176kb)

2 June 2015  

FPS 2015 Individual Cash Equivalent Transfers guidance (PDF, 12 pages, 403kb)

17 April 2015  

FPS 2015 Factors for Individual Cash Equivalent Transfers (PDF, 21 pages, 693kb)

17 April 2015  

FPS 2015 Individual Cash Equivalent Transfers guidance (PDF, 12 pages, 404kb)