National Grid Pension Change of Address
Complete Your National Grid Pension Change of Address Online
National Grid Pension Moving House
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 National Grid 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 National Grid 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 National Grid 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 National Grid 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
Update your address
Select who needs to know you're moving - National Grid Pension, HMRC, Electoral Roll etc..
STEP 2
About you
Enter your previous address, new address and the date you moved home
STEP 3
Submit
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 National Grid 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 National Grid yourself manually, you can call National Grid UK Pension Scheme on 0118 936 8996
How To Update Your Address With Your National Grid Pension
Whether you currently draw your pension or not, it’s important to update your National Grid Pension (along with any others such as Barclays, Railways pension scheme, State Pension 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 National Grid Pension home move and other address changes:
- Head over to SlothMove’s moving home platform
- Select who needs to know you’re moving (National Grid Pension, HMRC, electoral roll etc…)
- Tell us about your move (previous address, date of move etc…)
- Click complete and we’ll update your addresses automatically
You can also update your address with National Grid by phone (0118 936 8996) or online account 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 National Grid Pension moving house process you’ll need to provide:
- National Insurance number
- Pension reference number
- Date of birth
- Full name
- Full address
Can I cash in my National Grid pension?
You can cash in your National Grid pension from age 55.
You may find it helpful to review National Grid’s retirement planner which will show you everything you need to know about expected retirement income and withdrawal options.
In deciding when you wish to draw money from your pension it’s worth considering the following:
- When do you need the money? Withdrawing early can affect tax advantages and reduce your exposure to the benefits of compounding interest
- Will withdrawing your pension place you into a higher tax band? Withdrawing your pension may place you into the 40% tax bracket, making it uneconomical to draw. You can sidestep that tax if you wait until you retire.
- What state benefits do you receive? If you are in receipt of state benefits, your pension may send you above certain thresholds thereby rendering you ineligible to claim. Overall, it is really worth considering the timing of when you draw down funds.
When can I take my National Grid Pension?
You can take your National Grid pension from 55.
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.
How do I transfer my National Grid Pension?
Now we’ve covered how to complete a change of address for your National Grid 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 National Grid Pension?
To transfer your National Grid Pension you will need the following 4 pieces of information:
- Your current pension provider’s name (and the policy numbers)
- The scheme name of the pension you’d like to transfer
- Your National Insurance number
- Know how you’d like to invest your pension.
You would then submit an application and National Grid would process that. if you’d like to take your pension from National Grid 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.
National Grid Pension Moving house & Beyond
We’ve covered everything you need to complete the National Grid Pension moving home process 🎉
We’ve discussed how to update the registered address on your National Grid 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 online, feel free to explore SlothMove.