Further information and resources for members

Thinking about your future

It pays to be ready for the future. You have a number of options when you reach retirement and when you retire can affect how you receive your pension, so it’s important to carefully consider your options. Read our steps to retirement and use the Retirement Planning Tool, to make sure you’re on track for the lifestyle you want.

Take control of your membership with My USS

My USS is the online portal for managing your pension with a personalised pensions dashboard. Log in or register now to:

  • See the benefits you've built up in the Retirement Income Builder
  • View and manage any Investment Builder savings
  • Review your Investment Builder fund choices and a performance comparison of the USS funds
  • Choose the Investment Builder funds and investment approach that are right for your personal investment objectives and beliefs
  • Boost your savings with additional contributions
  • Transfer savings from other pension schemes to USS
  • Access forms to update things like your Expression of Wish, to update us with who you’d want to receive a lump sum that we may pay when you die.

How it works

Retirement Income Builder

A DB pension, like the Retirement Income Builder, builds a pension based on your salary up to the salary threshold - it’s funded by contributions from you and your employer. This gives you a guaranteed income every year for the rest of your life and a one-off, cash lump sum (tax-free up to a certain limit) of three times your pension at retirement. All members automatically join the Retirement Income Builder.

Investment Builder

The Investment Builder is a DC arrangement - this means we invest contributions from you and your employer based on the investment choices you make. The returns on those investments then build up in your Investment Builder pot. Some members automatically join the Investment Builder if they are earning over the salary threshold. If you are making additional contributions or have transferred in from another scheme in the last couple of years (or switched funds from Prudential), you’ll have savings in the Investment Builder. All members can choose to make additional contributions to the Investment Builder.

Visit the How USS works page to find out about the benefits of the Retirement Income Builder and Investment Builder.

Pension tax

Visit our pension tax page, for information about the limits on the pensions benefits you can build up before you may incur a tax charge, find out how these limits work and the options available to help you to manage your pensions tax.

USS benefit illustrator

The USS benefit illustrator gives you an up-to-date view of your retirement savings. It will show you the impact of:

  • Taking your benefits at different ages; and
  • Contributing more.

Pension increases

Standard USS pension increases are applied to the benefits you have in the Retirement Income Builder, read the guide to USS for more information on how they work.

Transferring to USS

If you have pension benefits with another scheme, you may be able to transfer these to USS. View a step-by-step guide to transferring to USS.

Bereavement benefits

USS gives you peace of mind: if you were to die whilst still contributing to USS, your beneficiaries could receive a range of USS benefits. We’ve produced a ‘Bereavement benefits factsheet’ that sets out what your beneficiaries might receive in the event that you die whilst paying in to USS. More information is also available in your statement.

Expression of Wish form

Your Expression of Wish form lets us know who you who you’d want to receive a lump sum that we may pay when you die. We recommend you update your forms at least every three years, even if your wishes haven’t changed.

Registration of potential dependant form

If you’re not married and you don’t have a civil partner, use this form to let us know if there is someone who you’d want to be considered to receive the equivalent of a spouse’s pension when you die.

Further reading and resources

Our member resources area has a number of tools, including animated videos, retirement modellers and guides to help you plan for retirement. You can also keep up-to-date on everything retirement related with our pension articles.

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Frequently asked questions

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Further resources