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The Superannuation Arrangements of the University of London |
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Active Members ► Just joined? Joining SAUL is easy – if you’re eligible your employer will automatically put you into SAUL on the day you start work and we’ll write to you to confirm your membership. Your employer must give you a copy of the SAUL Benefits Guide which summarises the Scheme and provides details of the benefits members receive. This section explains some of the things you may what to think about when you join. |
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Quick Links |
Additional Voluntary Contributions Transferring benefits into SAUL Combining benefits from a previous period of SAUL service
If a SAUL member dies, a valuable tax free lump sum is available to your relatives, dependants and nominees. The Trustee of SAUL uses its discretionary powers to decide who should receive this lump sum. The Letter of Intent is a confidential letter to the Trustee stating a member's wishes in the event of their death.
Additional Voluntary Contributions Additional Voluntary Contributions (AVCs) are extra contributions which buy Additional Pension in SAUL. For more information about AVCs click here.
Transferring benefits into SAUL If you’re an active member of SAUL you may request a transfer of pension benefits from your previous employer’s scheme, a personal pension plan or retirement annuity. SAUL participates in the public-sector transfer club. If you joined SAUL after 1 April 2004 you have one year from the date you joined to transfer your benefits under this arrangement. For more information about transferring your benefits and the public-sector transfer club click here. Combining benefits from a previous period of SAUL service If you have a previous period of service in SAUL it might be possible for you to link it with your current SAUL service so that all your benefits are calculated using your Pensionable Salary when you retire or leave the Scheme. If you joined SAUL after 17 January 2002 you have one year from the date you joined to apply. If you joined before this date you can apply to combine your benefits at any time. For more information about combining previous periods of SAUL service with your current service click here. If you’re eligible for SAUL membership your employer will automatically put you into SAUL. If you wish you can opt out of the Scheme however we recommend that you think carefully before you take this step. For more information about opting out click here. |
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