There are two main different types of workplace pension – a defined benefit pension (like the Retirement Income Builder), which guarantees you an income for life once you retire, and a defined contribution pension (like the Investment Builder), where contributions are invested into your own savings pot. USS has both, making us a hybrid pension scheme.
What you’ll put in and what you'll get
You’ll pay 9.8% of your salary, but the cost to your take-home pay may be less. This is because pension contributions get tax relief.
To see what you’ll pay monthly, estimate your tax savings and what you might get when you retire enter your salary and date of birth below.