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Getting a value and the costs

How to get a cash equivalent (CE) value for your pension

If a tool, a solicitor, or an expert has told you to “get your CE” and you are not sure how, this is the page for you. It is often the first practical step in dealing with pensions on divorce.

HomeResources › How to get a cash equivalent (CE) value

General information, not advice on your own case.

The key points

  • A cash equivalent (CE, sometimes CETV) is the figure the scheme puts on your pension, and the starting number for dividing it. You need one for each pension, for both of you.
  • Ask the scheme in writing for a CE for divorce or financial remedy purposes, with the date it was calculated and how long it is guaranteed for.
  • Include your name, date of birth, National Insurance number and any policy or membership number, and say it is for a divorce. The free Pension Tracing Service can find a provider you have lost track of.
  • Timing varies a lot. Pots of money usually come back within weeks, private sector defined benefit schemes must normally answer within three months, and public sector schemes can take far longer and may quote a provisional figure.
  • The first CE in any twelve month period is normally free. Ask about charges before requesting an extra one or rushing one through.
  • Do not simply halve the CE. For a pot of money it reflects the value fairly; for a defined benefit or public sector pension it often does not.

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What a CE is (in one line)

A cash equivalent (CE, sometimes called a CETV) is the figure a pension scheme puts on your pension: broadly, the amount it would pay to move your benefits elsewhere, or a notional value for public-sector schemes you cannot transfer out of. It is the starting number for dividing a pension on divorce. (It is not always a fair value, especially for defined benefit and public-sector pensions, but you still need it to begin. See the main pension sharing guide for why.)

You need a CE for each pension, for both of you.

How to ask for one

You request it from the pension scheme or provider. A short letter or email is usually enough. Ask for:

Include your full name, date of birth, National Insurance number, and your policy or membership number if you have it. Say that it is needed in connection with a divorce, as some schemes route those requests to a particular team.

If you do not know who holds an old pension, the government’s free Pension Tracing Service can help you find the provider.

What to expect, by type of pension

Workplace or personal pensions (defined contribution “pots”). Usually the quickest. The provider gives a current transfer value, often within a few weeks.

Defined benefit / final salary schemes (private sector). The scheme calculates a CE. You are generally entitled to one free CE in any 12-month period, and the scheme must normally provide it within three months of your request. A defined benefit transfer value is usually guaranteed for three months, so note the expiry date.

Public-sector schemes (NHS, teachers, armed forces, police, fire, local government, civil service). These can take longer, sometimes considerably, and there may be a specific divorce request process or form. Because of the ongoing “McCloud” correction, a value you are given may be provisional and could change. Ask the scheme to confirm whether the figure is final or provisional.

State Pension. Ask for a State Pension forecast for each of you (available free on GOV.UK). Only certain parts of the State Pension can be shared, so if that is relevant the scheme or a PODE can advise, but the forecast is worth having because the two of you can have very different entitlements.

Free or charged?

The first CE in a 12-month period is normally free. Additional valuations, or ones needed in a hurry, may carry a charge, and some schemes charge for the extra work of a divorce-specific calculation. Ask about any fee before you request it.

What to do once you have it

Do not simply divide the CE in half and call it settled. For a defined contribution pot the CE is a fair reflection of value; for a defined benefit or public-sector pension it often is not, and dividing on it can be badly unfair. Once you have your CEs:

If it is slow or you hit a wall

Chase in writing and keep a record of dates. If a scheme misses the three-month deadline, say so and ask them to escalate. Public-sector delays are common, so request your CEs early, especially if you are working to a court timetable.

Where to go next

July 2026

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