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This year it’s the 50th anniversary of USS. When we started, in 1974, you could buy a Mars bar for a few pence, now you don’t get much change from a pound. But what’s that got to do with your pension?
A lasting power of attorney (LPA) is a way of giving someone you know the ability to make decisions on your behalf if you become unable to do this yourself.
Planning for your future is just as important in retirement as it is during your working life. And knowing your loved ones will still have the financial support they need even after you’ve gone, not only reassures you but can reassure them too.
As a USS member you might be entitled to life cover, so if the worst should happen, your USS benefits could still provide for your loved ones. So we know who you’d like to receive your USS pension and tax-free lump sum, complete an Expression of Wish form.
Pensions tax changes currently going through Parliament are likely to see the Lifetime Allowance (LTA) abolished.
Watch our videos to find out how changes to contributions and benefits could impact you.
After consideration of the responses received to the consultation with affected employees and their representatives, the USS trustee and the JNC have not proposed any modifications to the JNC’s proposed package of benefit and contribution changes.
Read the answers to the key questions on the one-off uplift to benefits.