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 BP pension trust 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 BP 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.
You can jump straight in to completing your BP staff pension change of address by clicking the below
Tell everyone that you’re changing address in minutes.
At the click of a button we’ll update your address with your BP 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.
Select who needs to know you're moving - BP Pension, HMRC, Electoral Roll etc..
Enter your previous address, new address and the date you moved home
Click submit and we'll update your address with accounts automatically
Our sloths will save you the time and hassle of organising all of the updates by taking care of everything in one place 🦥
Once you click submit we’ll update the address on your BP 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 BP yourself manually, you can call the BP Pension Trust on 0345 602 1063
BP’s retirement plan, also known as the ‘BP Retirement Accumulation Plan (RAP) enables your retirement income to grow as you progress your career with BP.
Whether you currently draw your pension or not, it’s important to update your BP Pension (along with any others such as Railways pension scheme, 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 BP Pension home move and other address changes:
You can also update your address with BP by phone (0345 602 1063). You can also sign into BP Pensionline to access your account (if you’ve created one) here.
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 BP Pensionline change of address you’ll need to provide:
You can cash in your BP pension from the pensionable age (66). You can take money before you reach your retirement age. You can take your pension earlier if you suffer from ill-health.
You can take your BP pension from age 66, the state pension age.
You final pension amount is calculated from your pensionable service at date of retirement and your pensionable salary. You can find lots of relevant information on the BP retailing scheme here.
Now we’ve covered how to complete a change of address for BP Pensionline, 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 BP Pension?
To transfer your BP Pension you will need the following 4 pieces of information:
You would then submit an application and BP would process that. if you’d like to take your pension from BP 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 BP Pension moving home process 🎉
We’ve discussed how to update the registered address on your BP 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 change your address online, feel free to explore SlothMove.