Salary Exchange for USS and OSPS members

Salary Exchange was introduced for members of the Universities Superannuation Scheme (USS) and Oxford Staff Pension Scheme (OSPS) in June 2008. It affects the way in which pension contributions are made, with benefits both to the individual and to the University. Under the scheme, National Insurance contributions reduce, resulting in an increase in take-home pay for individuals and cost-savings for the University. These savings are returned to your department in the form of reduced costs.

As with the pensions schemes, Salary Exchange is an implied consent scheme. This means that all USS and OSPS members are enrolled automatically in Salary Exchange three months (for USS members) or immediately (for OSPS members) on commencement at the University unless they specifically choose to opt out.

Note: the Payroll Team can provide factual information about the scheme but not financial advice.

Contact details

For further information about Salary Exchange, please contact:
Payroll team
Telephone: 01865 (6) 16301
Email: Payroll team

For any questions about Pensions, please contact:
Pensions Office
Telephone: 01865 (6) 16067 (USS); 01865 (6) 16020 (OSPS)
Email: USS team or OSPS team