This modeller should be used if you are approaching retirement, in conjunction with your provisional retirement quotation if you have received one. It models differing levels of pension and tax-free cash, which are not shown on the quotation.
If you are experiencing technical problems with the calculator please see our help page or contact our webmaster if you can not find the solution. To verify that you have the latest version of Java installed on your machine visit http://java.com/en/download/installed.jsp.
How to use the modeller
You will need your provisional retirement quotation which contains all the information you need to complete the required fields (shaded blue). These are your:
- Retirement date
- Standard pension
- Commutation rate
To vary the 'selected tax-free cash' click and drag the double arrows above the purple bar, the 'selected pension' will update accordingly.
Similarly, to vary 'selected pension' click and drag the arrows below the red bar.
Exclusions
This modeller is not appropriate if you are due to have a deduction made from your benefits. Any deductions applicable to you will be detailed on your provisional retirement quotation. Please contact USS in these circumstances.
Please note the following:
- The modeller assumes the lifetime allowance will increase at a rate of 2.5% per annum for retirement ages beyond the published figures.
- This modeller is intended for illustrative purposes only. For confirmation of your final benefits, please contact USS.