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Human Resources

Pension Plus


Queen Mary, University of London is always looking for ways to improve your benefits package. We want to make sure it offers you good value and makes the most of your money. At the same time, it’s important that the College makes the most of its money by providing your benefits efficiently. That is why, from November 2009, the University introduced PensionsPlus

PensionsPlus is not another pension scheme - it is simply a more effective way of paying into your pension scheme. Through the PensionsPlus scheme, almost all QMUL employees in the SAUL or USS pension schemes will make National Insurance (NI) savings on contributions to their scheme. 


PensionsPlus is a salary sacrifice scheme which allows both the University and its staff to make savings in the amount of National Insurance contributions they pay. As a member of the Universities Superannuation Scheme (USS) or the Superannuation Arrangements of the University of London (SAUL) you are automatically enrolled into this scheme.

Participating in PensionsPlus

By paying into a pension scheme through  PensionsPlus, you agree to give up an amount of your contractual gross pay equal to your standard member pensions’ contribution.  In return the College will increase its employer contribution by a corresponding amount.  This is known as a “salary sacrifice” or "salary exchange".

The benefits

As your salary will be reduced by the amount of your pension contribution, you will pay lower National Insurance contributions than you would otherwise and your take home pay will be slightly higher as a result.

The Univeristy will also benefit as there will be a reduction in the employer's National Insurance contributions. These savings will be used directly to support QMUL's academic mission.

Members of the NHS Pension Scheme cannot participate because the rules of that scheme do not allow it. 

Please click on the following for more information:


Who can take part?


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