SAUL Care
SAUL Care
SAUL Care is available for staff in the professional, technical, operational, and learning job families, grade 3b and below who joined before 1 April 2023. SAUL Care members build up their pension based on their Career Average Revalued Earnings (CARE). This means members get a pension based on the CARE Salary they earn in each CARE Year.
A CARE Salary is an annual salary including any permanent allowances (like London weighting or responsibility allowance) and overtime. Bonuses and commissions aren't included.
Eligibility
SAUL Care is for staff in Professional, Technical, Operational, and Learning grades, Level 3b and below, and Assistant Teaching Fellow and Teaching Fellow grades who joined before 1 April 2023. Imperial automatically enters all eligible staff into a pension scheme, as required by law.
What you will get
Being a SAUL Care member means you'll get:
- a pension and tax-free lump sum when you retire
- a pension and tax-free lump sum if you're too ill to work.
Your beneficiaries will get:
- tax-free lump sums if you die
- a pension if you die
- child allowances if you die, payable until your child's 18th birthday or their 23rd birthday if they're still in full-time education.
Your SAUL Care pension increases each year.
Your SAUL pension is flexible, this means you can choose the pension and lump sum that suits you when you retire.
You can find out more about retirement options in the Getting your pension section.
You can find out how your pension is calculated on the how do you work out my pension? page.
Contributions and how much it costs
You pay 6% of your salary into SAUL Care.
The money you pay in is taken from your annual salary plus any permanent allowances (for example, London weighting or responsibility allowance) and overtime. Bonuses and commissions are not included.
Imperial pays towards your pension too. They pay 21% of your salary into your pension each month.
Access SAUL's take home calculator to show you the difference paying into SAUL will make to the money you receive each month.
How your SAUL Care builds up
SAUL members who joined up to 31 March 2023 build up pension based on their Career Average Revalued Earnings (CARE). This means members get a pension based on the CARE Salary they earn every year.
A CARE Salary is an annual salary including any permanent allowances (like London weighting or responsibility allowance) and overtime. Bonuses and commissions aren't included.
The year runs from 1 April to 31 March and members get a pension of 1/75th of their salary for each complete (or part) year they pay into SAUL).
Each year this pension increases and in this way your build up an income to be used when you reach retirement age.