Yes – if you have Investment Builder savings, it’s important that you set a TRA to reflect your future retirement goals. If you don’t set a TRA it’ll automatically be set as the Normal Pension Age (NPA) when you join the Investment Builder.
Setting a TRA allows us to automatically move any investments you have in the Investment Builder to lower risk funds as you get closer to retirement – we do this for members in the USS Default Lifestyle Option and the USS Ethical Lifestyle Option (the Do It For Me Options). If you’ve chosen to invest in our self-select funds (the Let Me Do It Option), you’re responsible for reviewing and managing your own investments, but we’ll remind you of your options around six months before your TRA.
To set or change your TRA, simply log in to or register for My USS.
Watch our Target Retirement Age video and find out why it’s important to keep this up to date.