Are you looking to take your Retirement Income Builder benefits and some or all of your Investment Builder savings at the same time?

You can take your Investment Builder savings later and independently from retiring. They’ll remain invested until you want to start taking them. You can manage your investments in My USS but can’t contribute any more if you leave USS or you’re fully retired.

Depending on your circumstances, it may be more tax efficient if you take them at the same time. You should speak with a financial adviser if you aren’t sure.Visit https://www.uss.co.uk/for-members/guidance-and-financial-advice to find information on how to access an independent financial adviser. They may charge for advice.

Click Next Question for your options when taking your Retirement Income Builder benefits only.

At the end you’ll be able to view your options when taking your Investment Builder savings at a later date

Useful Resources:

Visit taking your benefits and savings for more on what you'll get depending on what you'd like to take Save for later
View the value of your benefits and savings in My USS Save for later
Make sure your Target Retirement Age is up to date in My USS - this is the age you want to start taking your Investment Builder savings Save for later
Use our Benefit Calculator to estimate what you could get in the future. Save for later

You can only take your Retirement Income Builder benefits (your guaranteed income and one-off, cash lump sum) when you either fully or flexibly retire. You can take some or all of your Investment Builder savings at this time too. Or you can take them earlier (from age 55 – rising to 57 from 2028 for some members) without having to retire, or leave them invested for later.

If you leave some or all of your Investment Builder savings invested there are a few options available when taking them. You’ll see these later on if you choose this option.

Depending on your circumstances, it may be more tax efficient to take them at the same time – a financial adviser will be able to help you if you aren’t sure. Visit our guidance and financial advice page to find information on how to access an independent financial adviser. They may charge for advice.

If you have Prudential MPAVC savings (if you began paying additional contributions before October 2016) and want to take cash payments (otherwise known as UFPLS) through USS you must transfer them in to USS first.

Visit our guidance and financial advice page for information on how to access an independent financial adviser. They may charge for advice.