Welcome to the Pensions Section
With effect from 6 April 2014 changes are being introduced by the Government relating to the way pensions savings are taxed and as a result you may need to take some action. You are most likely to be affected if your salary is in excess of £100,000 per year and you have pensionable service of more than 30 years. However lower earners may also be affected if:
- You receive a significant increase in pay
- You are paying additional voluntary contributions
- You are continuing in employment after age 65
The University has arranged a number of seminars to help those employees who might be affected by these changes and you can book to attend one of these using the University Training Booking System.
Our team administers in house pension schemes for University Assistant Staff and for non-academic staff at selected Cambridge Colleges. We also oversee the University's participation in the Universities Superannuation Scheme, the National Health Service Pension Scheme and the Federated Superannuation System for Universities.
We manage the University's hardship loan scheme for students (Loan Fund I).
Our advisers offer information to employees relating to the BUPA group scheme, which currently offers a 56% discount on standard contribution rates to University staff.