calculating the CETV of a NHS that has already started paying out the

We are trying to calculate the approximate value of a CETV of a farly small NHS pension that is already paying out, so that we can come to a settlement on the pension sharing for the final Clean Break order.

Is this the correct way of working it out adding the lump sum payment on retiring approx £4000 then adding the yearly pension payout £1400 per year approx (adding the yearly annual increse) each year until the age of 83 i.e 17 payments (our deemed average lifespan). I understand that the yearly annual increase was 6.7 % for 2023 / 2024 from the NHS pension website, and this figure is based upon the consumer price index (CPI). if you use yearly annual increase of 6.7% the equats to a approximale CETV of £46,120.21 ?

Or is this total rubbish ?

What are the thoughts

It’s total rubbish.

CETV is what a pension scheme will pay to get rid of the liability. It will be a LOT more than your calculation.

To get some idea see how much it will cost to buy an annuity that pays the same starting amount with the same inflationary rises and spousal protection.

For life time allowance purposes HMRC used to use 30 x the starting pension for DB pensions so if you take into account the tax free lump sum which will have reduced this your ex’s pension was worth somewhere around £60k.

You are selling yourself short. Tell her to get a CETV from the provider.