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US taxation is a complex area which could have significant financial implications for those members with US citizenship.

David Watts, a social scientist and historian, joined the Board on 1 March 2021 as a UCU appointed director. David has worked for the University of Aberdeen since 2007, first in the School of Geosciences and since early 2018 in the Rowett Institute.

Yes, USS meets the definition of a pension scheme under the Convention. The Convention includes a number of provisions which specifically address the tax treatment of membership of a UK pension scheme.

Take a look at the benefits that come with being a USS member and the value this has on your retirement savings.

When a member retires, they can choose a reduced pension to maximise the one-off, tax-free (up to a certain limit) cash lump sum they can take, up to a maximum of 25% of the value of their benefits.

If you were a USS member before 2016, you would’ve built your benefits in a different way to how you do now with the Retirement Income Builder and the Investment Builder. And if you left USS and later re-joined, you may have built up a mixture of benefits.

If you were a USS member before 2016, you would’ve built your benefits in a different way to how you do now with the Retirement Income Builder and the Investment Builder. And if you left USS and later re-joined, you may have built up a mixture of benefits.

USS Investment Management, the wholly-owned investment management arm of the Universities Superannuation Scheme, has announced that Janet Oram has been appointed to the new role of Head of Asset-backed Securities (“ABS”). She joins USS from BlackRock where she was Managing Director and Head of European ABS.

Universities Superannuation Scheme Limited – the trustee of the UK’s largest private pension scheme by way of assets – today announces a number of board changes including a new trustee director and the imminent departure of two directors who are rotating off.