Further to this post regarding armed forces pensions, the latest Pension relief brief from Bradshaw Dixon Moore ('BDM') looks at the equally tricky issue of police pensions, and is recommended reading. As with armed forces pensions, CETV valuations are not appropriate with police pensions. "A simple case from our files with one PPS 1987 pension makes the point," say BDM: "The CETV was £285,000. Our valuation, based on retiring with an immediate pension at age 50 was £640,000." Enough said.
As before, if you haven't done so already I suggest you sign up to Pension relief brief, which you can do here.