Your options with the Investment Builder
Since you still have savings in the Investment Builder, the defined contribution (DC) part of USS, you have two main options.
Leave them invested
You can leave all or some of your Investment Builder savings where they are, so they’re ready for you to use as and when you choose.
If you’ve chosen Do It For Me, so we’re managing your investments for you, make sure your Target Retirement Age (TRA) is up to date. Your TRA is the age you want to take your Investment Builder savings and we use it to make key investment decisions.
If you’ve chosen the Let Me Do It option, and are managing your own investments, you can continue to do that in My USS, for as long as you have funds invested in the Investment Builder.
Take your savings
You have three options with the savings you have in the Investment Builder:
- Take cash payments
Withdraw up to four cash payments each year, also known as Uncrystallised Funds Pension Lump Sum (UFPLS). - Drawdown income
Transfer your Investment Builder savings to a drawdown product, where you can take money from as and when you need, while it’s still invested (flexi-access drawdown). USS does not offer flexi-access drawdown, so savings would need to be transferred to a product which offers this. - Annuity income
Use your Investment Builder savings to buy an annuity, which will provide you with a guaranteed pension income. USS does not offer an annuity, so savings would need to be transferred to a product which offers this.
You can find out more about your options, by visiting our using your Investment Builder pot page. We’d also recommend using the Benefit Calculator in My USS where you can model the effects of taking your DC savings in different forms.
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Set your communications preferences
Remember to log in to My USS to set your preferences and stay up to date.