The earliest you can start taking your benefits from the Retirement Income Builder and savings from the Investment Builder is age 55 onwards (rising to 57 for some members*), unless you’re retiring because of ill health). But there’s no reason why you can’t start preparing for your future. So here are a couple of things you can do:
- Visit My USS to view your benefits and savings.
- Use our Benefit Calculator in My USS to take a look at what these could look like in the future and see if you're on track.
- If you’re not quite on track, you could make additional contributions to the Investment Builder in My USS. It’s a good way to boost your savings.
- If you have Investment Builder savings check your Target Retirement Age (TRA) is right for you in My USS. This lets us to know when to get in touch about your Investment Builder options and when we need to move your investments as you approach this age. if we’re managing them for you.
- Use our Retirement Planning Tool and Retirement Checklist to plan for your future, explore your options and understand the actions you might need to take.
If you’ve been made redundant, you may be able to retire from age 50 – as long as you’ve been an active member with us for at least five years and have been paying in continuously since 5 April 2006.
*If you were a member of USS on or before 3 November 2021 you may have a Protected Pension Age (PPA) of 55. If you have a PPA this means that you retain the right to take your USS benefits from age 55 even after the rise in the Minimum Pension Age to age 57 on 6 April 2028. If you joined USS on or after 4 November 2021 you will not have a PPA on benefits accrued in USS, but you may have a PPA on benefits that you have transferred into USS.