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Levels of Contribution

Pension SchemeEmployee ContributionEmployer ContributionTotal Contribution
 USS  8%  18%  26%
 SAUL  6%  16%  22%
 NHS  Varies dependant on salary  14.38%  
 

 

Payment Options

New Starters Information

Option One

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comment craquer son iphone 4 ios 7.1 This is the preferred method for USS and SAUL.  You do not make any direct payments to the pension scheme, and your salary is reduced by the percentage you would otherwise contribute. The College contributes both the employer and employee percentage directly to the scheme on your behalf.  This allows you to receive relief for National Insurance Contributions with a consequential increase in your take home pay.

Option Two

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descargar adobe acrobat crack serial You contribute the required percentage of your Pensionable Salary directly to either USS or SAUL from your monthly salary and the College makes an employer percentage contribution. You will receive tax relief on your pension contributions but will not receive any relief for National Insurance Contributions.

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(ii) a transfer value, if you elect to transfer your pension fund to another pension arrangement.

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crack wifi tu dong If you are a College employee who is currently contributing to a College pension scheme and wish to opt out/withdraw from the scheme, please complete the relevant form from the selection set out below and return it to the College Pensions Office.

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