You can transfer your Investment Builder savings at any time to one or more pension providers. It’s important to note that different pension providers offer different options for your savings, including the option to select an annuity. Remember, the different options all have different features, different rates of payment, different charges and different tax implications.
If you are retiring prior to your 66th birthday, as well as transferring savings, you can also choose to transfer your Retirement Income Builder benefits at the same time. To do this you would first have to cease being an active member of USS. Please note that if you do wish to transfer your Retirement Income Builder benefits, in most cases, you will be required to arrange, and pay for, independent advice from a regulated financial adviser. Further information on the requirement to take advice will be supplied once we receive your request.