Member webinar
Understanding your Annual Member Statement
This session was designed to help members get to grips with their statement and give people the chance to ask questions to the experts.
Get to know your Annual Member Statement
Whether you’re just starting out, at the peak of your career or approaching retirement, your annual statement is an opportunity to check you’re on track, set some savings goals and think about any changes you’d like to make.
To view your statement, just log in to My USS – you’ll find it in the my documents section.
If you’re not registered to My USS, it only takes a few minutes – you just need your member number and National Insurance number to get started.
If you’ve joined USS since 31 March 2024, you’ll receive your first statement from us in 2025.
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Member video
Making the most of your Annual Member Statement
Watch our short video to help you get to grips your statement and use it to make sure you’re on track for the retirement you want.
Some key information
Use your annual statement to help plan your retirement
Your statement is a good opportunity to check whether you’re on track for the retirement you want.
- So, think about how much you’ll need.
- Use the Benefit Calculator in My USS, to help estimate what you could get at retirement. You can use this to see how your benefits will look at your Normal Pension Age, see the impact of retiring at different ages and see how changes to your contributions could impact your retirement income.
- Think about the options you have when you reach retirement which can affect how you receive your pension. Read more on this on our pages understanding your options and pre-retirement checklist.
If you received a statement last year and were earning above the 2023/24 salary threshold of £41,004 but earn below the new salary threshold of £70,296 for 2024/25, you can expect to see a difference in the projection figure included in your statement. This is because you’ll now be building up a greater proportion of defined benefits in the Retirement Income Builder and less savings in the Investment Builder, the defined contribution part of USS.
Financial advice and further information
The information included in your Annual Member Statement is given only for the purposes of illustration and doesn’t represent any promise or guarantee as to the amount of benefits that you may receive and should not be relied upon when making any retirement or other financial decisions.
Please contact your employer in the first instance if you need a retirement quote or if you think any personal information in your statement may not be complete or accurate. However, if you have a query on any of the figures referred to in your Annual Member Statement contact us.
We strongly recommend that you speak to a financial adviser before making, or refraining from making, any decision in relation to your USS benefits.
If you want to seek guidance or take financial advice on the options available to you, you can visit our guidance and financial advice page. You’ll find a range of resources to support your planning and you can also find information on how to access an independent financial adviser.
There is a wide range of helpful information on My USS and our website. You can get impartial help and information, backed by the government and free to use from MoneyHelper.
This web page summarises elements of USS. It is not a legal document and does not explain all situations or eventualities. USS is governed by a trust deed and rules and if there is any difference between this publication and the trust deed and rules the latter shall prevail. You are advised to check with your employer contact for the latest information regarding the scheme, and for any changes that may have occurred to its rules and benefits.