|
The Superannuation Arrangements of the University of London |
|||||
|
About SAUL ► Scheme Overview |
||||
|
Quick Links |
SAUL’s vision statement To be the university pension scheme which provides members and dependants with the most attractive long-term benefits in a cost-effective manner. Overview SAUL started on 1 April 1976 and was set up to provide pension benefits for non-academic employees of the University of London. It now covers 50 colleges and institutions that have links with higher education including most of the colleges of the University of London, Imperial College and the University of Kent. SAUL is a multi-employer final salary scheme set up under trust. This means that the Trustee is responsible for:
Setting up a scheme under trust means that there are certain tax advantages – for example lump sum death benefits are free from inheritance tax. The benefits paid from SAUL are based on the members’ pensionable salaries when they retire or leave SAUL, and on the number of years of pensionable service built up in SAUL. Members’ and employers’ contributions are pooled and invested to provide a fund out of which benefits are paid. As at 31 March 2010 SAUL had assets of £1,400 million and almost 30,000 members. The Superannuation Arrangements of the University of London is registered with the Pension Schemes Registry, Registration Number: 101252158. Its HMRC Registration Number is 000328818RG. |
|||
|
|||||
| Site mapDisclaimerLinks Your Feedback Problems Recruitment | |||||
