Pensions Plus

Pensions Plus is a way to contribute to either the University of Aberdeen Superannuation and Life Assurance Scheme (UASLAS) or the Universities Superannuation Scheme (USS) that will save National Insurance (NI) and increase your take home pay.

The Pensions Plus scheme was introduced from 1 April 2008. Prior to this employees paid pension contributions into their scheme directly.

Under Pensions Plus employees agree to give up an amount of their contractual gross pay equal to their pensions contribution. In return, the University increase its contributions to cover both the employee and employer elements of the pension contributions.

As a result both the employee and the University pay lower National Insurance contributions.

New members of staff are entered into the Pensions Plus scheme automatically after the first three months of scheme membership, but it is possible for any employee to opt out of Pensions Plus if they wish.

More information on Pensions Plus is available in the Pensions Plus brochure.