What USS will provide

Subject to having received a signed letter of authority, specific information can be provided for:

Cash Equivalent Transfer Values (CETV)

A CETV of the member's deferred benefits can be provided. This is not guaranteed and if the member decides they do want to transfer their benefits out of the scheme the CETV will be re-calculated.

The timescale for providing a CETV is 2 months.

Guaranteed Transfer Values

A guaranteed CETV of a members deferred benefits can be provided. The CETV quoted will be guaranteed for three months. We will only provide a guaranteed CETV on receipt of the Transfer Request form, which can be found in the Toolkit section.

Please note that if more than one CETV is request in a 12 month period there will be a charge for a further quotation. The cost for an additional CETV is currently £235, inclusive of VAT.

The timescale for providing a guaranteed CETV is 3 months.

Annual and Lifetime Allowance

On request both Annual Allowance and Lifetime Allowance calculations can be provided in respect of USS benefits.

The timescale for providing Annual Allowance and Lifetime Allowance calculations is 2 months.

We endeavour to turnaround member and financial adviser enquiries as quickly as we possibly can, however when we experience spikes in demand for such requests there will be inevitable delays. Please only contact USS if a response hasn’t been provided within the timescales noted above.

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