The Universities Superannuation Scheme (USS) is the principal pension scheme provided by UK higher education institutions.

Eligibility

Membership of USS is generally open to employees in grades 6 and above, if they:

  • are not already in receipt of a pension from USS
  • are aged under 75 upon entry

Eligible staff are automatically enrolled upon appointment.

Benefits

As a member you will accrue:

  • a pension of 1/75 of your salary for each year of pensionable service up to a salary threshold.
    (1/85 from 1 April 2022)
  • a cash lump sum of 3/75 of your salary for each year of pensionable service, up to a salary threshold.
    (3/85 from 1 April 2022)
  • a money purchase pot in the USS investment builder for some of the contributions paid over the salary threshold

The salary threshold is currently £59,883.65 and will change to £40,000 from 1 April 2022.

Watch a short video for an overview of USS or take a look at USS' FAQs.

Contribution rate

The current member and employer contribution rates to USS are shown below.

  Member Employer
1 October 2021 9.80% 21.40%
1 April 2022 9.80% 21.60%
Enhanced opt-out 2.50% 6.30%
Contributions in respect of earnings above the Voluntary Salary Cap 2.50% 6.30%

For contributions made on salary above the salary threshold, only the first 8% of member contributions and 12% of employer contributions will be paid into your money purchase pot in the USS investment builder.