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If you want to understand more about saving in the Investment Builder.

If you go over your Annual allowance (AA), Scheme Pays allows you to use what you’ve built in your pension savings to pay the tax charge.

See what you can do to protect your benefits from a Lump Sum Allowance and Lump Sum and Death Benefit charge.

See what you can do to protect your benefits from a Lump Sum Allowance and Lump Sum and Death Benefit charge.

As a VSC will mean you build up fewer benefits, your adjusted income and the amount of your salary that’s assessed for Annual Allowance purposes will be reduced.

If you’re 55 or over, you can start taking your Investment Builder savings (or any other defined contribution pot you may have) flexibly. HMRC introduced a limit to stop these savings from being taken out and then repaid into another pension scheme for extra tax relief. This limit is known as the Money Purchase Annual Allowance (MPAA).

We know that it’s important for you to have options when it comes to accessing your retirement savings.

If you've been paying into your pension with us for less than two years, here are examples of when you may be able to get a refund on your contributions.

Our approach to responsible investment. USS is a long-term, responsible investor with a legal duty to invest in the best financial interests of our members and beneficiaries, so we can pay pensions long into the future.