Retirement Income Builder
What you pay in and what you get
You and your employer contribute on your salary up to the salary threshold, and you get tax relief on what you put in. You’ll build up benefits each year, which give you a guaranteed income for life and a one-off cash lump sum when you retire, as well as other benefits, like life cover and ill health cover.
Watch our video on how you build benefits in this part.
Which part you're in
Every single one of our members builds benefits here. So, if you’re paying in, you’ll be building Retirement Income Builder benefits each year.
When and how you can take them
There are different things you can access depending on your age. You can start taking your Retirement Income Builder benefits in full from the Normal Pension Age (NPA). You can take them earlier than this, but your benefits will be reduced as they’ll be paid out for longer.
How they’re invested
USS Investment Management Limited makes all our investment decisions for the Retirement Income Builder to guarantee future pensions. Investing responsibly forms a big part of what they do to protect and enhance the value of our investments for the long-term.