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Which DC pension is better, USS or BP? How to compare?

2 replies

windinup · 05/11/2023 16:04

Anyone have a view on this? DH works for BP and is a 45% tax payer and I'm a 40% tax payer in Higher Education. We both have Defined Benefit pensions, but can also both put AVC's into Defined Contribution pots. As he is the higher rate tax payer we have been prioritising putting the AVCs in his scheme. Is this the right decision, or could the USS scheme be better in some way?

OP posts:
wobytide · 05/11/2023 18:15

From a tax perspective it makes sense. From a life perspective it comes down to many factors like divorce, death and so on. Also if fees on the AVC part are much different between schemes but the 5% tax difference is probably still going to override anything

CuttingAllTheFlowersStill · 15/11/2023 22:08

I would wantvto know what happens if one of you dies

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