When moving home it is best to update your address across your pension providers (and all other accounts).
We’ll cover how to complete your Barclays pension change of address online in just a few minutes.
If you’re moving home you need to let your pension provider(s) know about your change of address. If your Barclays Pension is registered to your previous address you will miss out on potentially important information.
Since you’re moving home, you’ll also need to update your address across other essential institutions and companies (HMRC, Council, NS&I, Energy etc…) at the same time.
For a quick, safe and hassle-free way of updating your address across your pension providers (and tell other companies) that you’re moving you can use our online change of address service.
Let’s jump straight in to completing your Barclays staff pension change of address 😎
Tell everyone that you’re changing address in minutes.
At the click of a button we’ll update your address with your Barclays Pension and across any other all accounts, at the same time in one place. You can also update your address with other pension providers, water, electoral roll, HMRC, councils and others that you are moving home. You can do this yourself manually if you prefer (see below) or use our hassle-busting service to save hours of time.
STEP 1
Select who needs to know you're moving - Barclays Pension, HMRC, Electoral Roll etc..
STEP 2
Enter your previous address, new address and the date you moved home
STEP 3
Click submit and our sloths will start all of the hard address change work for you
Our sloths will save you the time and hassle of organising all of the updates by taking care of everything in one place 🦥
Take the hassle and stress out of your move and update your address with hundreds of companies
Once you click submit we’ll update the address on your Barclays Pension as well as any other institutions or companies you selected. You won’t need to do anything further, so you can kick-back, relax and spend your time doing something else.
If you’d prefer to update Barclays yourself manually, you can call Barclays Bank UK retirement fund on 0800 111 6768
Whether you currently draw your pension or not, it’s important to update your Barclays Pension (along with any others such as Standard Life, USS etc…) when you’re moving home.
Having the most up-to-date address across your pension accounts means you won’t miss any important updates by mail, nor will they go to a third party.
Here’s how to complete a quick and simple Barclays Pension home move and other address changes:
You can also update your address with Barclays Bank UK Retirement Fund by phone (0800 111 6768).
If you’re using SlothMove you will also be able to select other pension providers and update them at the same time.
To complete the Barclays Pension moving house process you’ll need to provide:
As soon as you turn 55 years of age you can now take as much of your Barclays pension as you like, how you like, whenever you like. It used to be the case that the age was later, but has now been bought forward.
Of course, you can take 25% of the value of your pension as a tax-free lump sum, providing it is within your Life Time Allowance (LTA).
So, what is the life time allowance? 🤔
The lifetime allowance is £1,073,100 for the tax year 2020/21. This amount is set to increase next year, in line with inflation.
You can take your Barclays pension from the age of 55 if you currently employed.
Most people have more than one pension at the point of retirement and each pension provider has different policies around when and how you can draw down your pension.
You final pension amount is calculated from your pensionable service at date of retirement and your pensionable salary.
Now we’ve covered how to complete a change of address for your Barclays pension, let’s look at how you transfer other providers into one place.
Most people reach end up with pensions across multiple providers. It can be easier to transfer all pensions into one place. This helps you to keep track of where everything is, save money on fees and make it simpler to manage.
So, how do you transfer your Barclays Pension?
To transfer your Barclays Pension you will need the following 4 pieces of information:
You would then submit an application and Barclays would process that. if you’d like to take your pension from Barclays to another provider then you would first need to choose where you’d like your pension to be managed. Then, follow that specific providers process.
We’ve covered everything you need to complete the Barclays Pension moving home process 🎉
We’ve discussed how to update the registered address on your Barclays Pension, as well as how to transfer-in other providers. We’ve also covered some insight on when you can draw down your pension. Now we’ve covered how to update your address, feel free to explore SlothMove.