Your Target Retirement Age (TRA) is the age you set to start taking your Investment Builder savings. It only applies to any savings you have in the Investment Builder.
We use this age to calculate some of your DC savings figures in your statement – particularly what you could expect to have in your pot at this age if you continue paying into the Investment Builder.
We also use this if you have funds invested in the Default or Ethical Lifestyle funds (within the Do It For Me Option) in order to reduce the risk profile of your investments in the years leading up to your TRA.
Additionally, it lets us know when to get in touch about your options as you approach your TRA. If you’ve chosen to invest in our self-select funds (Let Me Do It Option), you’re responsible for reviewing and managing your own investments, but we’ll still send you a letter to remind you of your options around six months before your TRA.
It's important to keep your TRA up to date. You can view this and change it in My USS. If you don’t set a TRA it’ll automatically, we will set one for you when you join the Investment Builder.