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This factsheet explains the circumstances under which your benefits may be converted into a single lump sum payment if you suffer from serious ill health and have impaired life expectancy.

Yes, flexibly retired members can fully commute the unused portion of their benefits as a full commutation lump sum. For more information, see our Serious ill heath lump sum factsheet.

The Lump Sum Allowance (LSA) is the limit on the total amount of certain tax-free lump sums that you will be able to receive before marginal rate taxation applies. The limit is £268,275 but may be higher if you have a former Lifetime Allowance (LTA) protection.

As you’re building your pension, there are some tax restrictions you need to think about. And these restrictions apply to your pension with us – and with all other UK-based pension schemes.

Having to stop working completely because of an illness or an injury isn’t a nice thought. Unfortunately, it could happen – and we may be able to help.

The Lump Sum Allowance (LSA) is the limit on the total amount of certain tax-free lump sums that you will be able to receive before marginal rate taxation applies. The limit is £268,275 but may be higher if you have a former Lifetime Allowance (LTA) protection.

Pensions tax changes currently going through Parliament are likely to see the Lifetime Allowance (LTA) abolished.

It’s around about now that a lot of our members start to really think about their future, as they plan their well-earned retirements to coincide with the end of the academic year. Whether your retirement’s just around the corner or a long way off, it’s handy to know what you could get from your USS membership. That way, you can do some serious prep or just sketch out some light-touch ideas for the future.

Life is a journey, and we all do it differently. Whatever stage you’re at in life, we want to help you understand how some key life events could affect your pension and your savings for the future.