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There are two main different types of workplace pension – a defined benefit pension (like the Retirement Income Builder), and a defined contribution pension (like the Investment Builder).

Yes.

We want to assure members that data privacy and security is a top priority for us. Having reviewed our own systems and controls to ensure they remain robust, we are very confident members’ pensions remain secure.

We are confident members’ pensions remain secure. We have reviewed our own systems and controls to ensure they remain robust. My USS login information has not been compromised.

No. Capita will not extend this offer beyond the initial 12 months provided to USS members last year.

When you flex, if you want to use your Prudential funds as part of your USS retirement, you have to take 100% of your funds or take them all in the future. You can’t draw just part of your fund.

Flexible retirement isn’t available if you’re no longer paying in to USS. You must take your Retirement Income Builder benefits all at once. Any Investment Builder savings can remain invested until you need them.

Retiring flexibly allows you to take up to 80% of your pension whilst continuing to work, as long as you drop your hours and salary by at least 20%.

This is your taxable income, plus the Annual Allowance amount you have used in the tax year, less your pension contributions.