The match

What is the match and how do I take it?

Active members of USS can choose to contribute an additional 1% of salary to the USS Investment Builder, by taking the match. Employers will match the 1% contribution until 31 March 2019.

To take advantage of the match, log in to My USS and go to the ‘Manage my contributions’ form in the ‘My contributions’ section.

If you earn above the salary threshold* and are already making contributions to the USS Investment Builder, the match is in addition to those contributions (the 1% is based on your full salary).

For more information, watch our animated guide.

*The salary threshold for 2018/19 is £57,216.50. This is revalued each year to take account of inflation (the rising cost of goods and services). Automatic contributions to the USS Investment Builder are based on your salary in excess of the threshold.

Why will my employer only match my 1% until 31 March 2019?

Employers will stop their 1% match contributions in response to the 2017 valuation of USS. The valuation showed the cost of providing the current level of benefits to members has increased. Stopping the employers match contributions is a measure to help reduce the cost of those benefits.

Visit the valuation pages, to find out more about the valuation process and other changes to USS.

Can I cancel the match?

Yes. You can cancel the match any time, by going to ‘Manage my contributions’ in the ‘My contributions’ section of My USS.

You have two choices:

  • Cancel the match now
  • Cancel the match from 31 March 2019

If you choose to cancel the match now, you will continue to pay additional 1% contributions until your employer processes your request. This can take up to eight weeks, depending on your employer’s pay schedule. Please check with your employer when your cancellation will come into effect. Your employer’s final match contribution will be made on your March payday.

If you choose to cancel the match from 31 March 2019, you and your employer will make your last match contributions on your March payday. But as it can take up to eight weeks for your request to be reflected in your pay, you could continue to pay your additional 1% contribution beyond March if your employer has not been able to process your request before the next payday.