The USS Investment Builder

The USS Investment Builder is available for all members, regardless of your salary, and is available in addition to the USS Retirement Income Builder.

With the USS Investment Builder, you have a flexible way to enhance and access your retirement savings - with flexibility, comes choice.

If you earn over the salary threshold* (£57,216.50 for 2018/2019), have recently transferred into USS from another pension scheme, or have made additional contributions (including the match) you’ll already have savings in the USS Investment Builder, but you can also make additional contributions on top of these.

You can choose how your contributions to the USS Investment Builder are invested and there are a range of ways to access the pot you build up, anytime from age 55 or when you retire.

The USS Investment Builder is available in addition to the USS Retirement Income Builder. All contributions are invested and at retirement you can use the value to supplement your income from the USS Retirement Income Builder.

Benefits for you

  • The ability to top-up your retirement savings;
  • A match from your employer of the first additional 1% of your salary that you contribute;**
  • Flexibility over how you can take your savings anytime from age 55; and
  • Tax relief on contributions and the option of a tax-free lump sum at retirement.

*The salary threshold for 2018/19 is £57,216.50. This is revalued each year to take account of inflation (the rising cost of goods and services). Automatic contributions to the USS Investment Builder are based on your salary in excess of the threshold.

** If you make an additional contribution of 1% of your salary by taking the match, your employer will match this with an additional 1% contribution. You can choose to contribute more if you wish to, but your employer will only match the first 1%.

Our animated guide to the USS Investment Builder explains further.


How do I make additional contributions to the USS Investment Builder?

Additional contributions (including the match) can be made via My USS - the online service for managing your contributions to the USS Investment Builder.

Please note: if you are a deferred member and are no longer paying into the scheme, you cannot make any further contributions to the USS Investment Builder.

In My USS you can:

  • Make additional contributions (including the match);
  • Update your investment choices and your Target Retirement Age (TRA);
  • Review the impact of your choices using the additional contributions modeller;
  • Update your security details, including your password and pin.

More information on My USS including details on how to register or log in is available here.

Flexibility and choice

  • You choose how you use your savings in the USS Investment Builder. This isn't a decision you need to make until you’re approaching age 55 or retirement, but how you plan to use it might affect your investment choices as you get close to retirement. The flexibility in retirement with the USS Investment Builder guide provides an overview of the different ways you can access your savings in the USS Investment Builder anytime from age 55.
  • You choose if you want to contribute to the match. If you pay an additional 1% of your salary to the USS investment Builder by taking the match, your employer will match this 1%. You can choose to pay more, but your employer will only match the first 1%. More information on the match is available here.

The value of your USS Investment Builder changes over time through additional contributions from you and your employer (if any) and investment returns (the value can go up or down over time).

Investing your contributions

You have choices for how you invest your contributions to the USS Investment Builder, you can select either the ‘Do it For Me’ or ‘Let Me Do It’ investment options. You can change your approach in the future if you wish.

You can find further details about the below funds in A guide to investing in the USS Investment Builder.

Do It For Me Let Me Do It

There are two options:

  • USS Default Lifestyle Option
  • USS Ethical Lifestyle Option
There are 10 options:
  • USS Growth Fund
  • USS Moderate Growth Fund
  • USS Cautious Growth Fund
  • USS UK Equity Fund
  • USS Global Equity Fund
  • USS Emerging Markets Equity Fund
  • USS Sharia Fund
  • USS Ethical Equity Fund
  • USS Bond Fund
  • USS Cash Fund

Your employer has made a commitment to subsidise the majority of the fund investment management for the foreseeable future, so you won't have these charges deducted from your contributions.

My USS

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