USS Retirement Income Builder

Building your retirement fund

When you become a member of USS you automatically join the USS Retirement Income Builder. This provides you with an income when you retire based on how long you’ve been a member of USS and your salary, up to an annual threshold*, which is set each year.

*The salary threshold for 2020/21 is £59,585.72. 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.

If you earn over the salary threshold, you and your employer, will also automatically pay contributions into the USS Investment Builder.

Benefits for you

  • The security of a regular income for the rest of your life when you retire;
  • The ability to take some money as tax-free cash when you retire;
  • Incapacity benefits cover if you become unable to work;
  • A payment of three times your annual salary to help support your family if you die while still working for an employer that contributes to USS;
  • An income paid to your dependants when you die;
  • Your employer pays an amount equivalent to 21.1% of your salary to support your benefits; and
  • Tax relief on your contributions of 9.6% and the option of a tax-free lump sum at retirement.

Our animated guide to the USS retirement income builder explains further.


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