Nutmeg Pension Change of Address

Everything You Need to Know About Changing Your Address with Nutmeg Pensions

How to Change Your Address with Nutmeg Pensions

Are you planning on moving home soon? If you are, it’s important that you change your address with your pension providers.

If you fail to complete your Nutmeg Pension change of address, you could end up missing vital information regarding your pension or having confidential mail sent to your old address.

Here at SlothMove, we’re well aware of how stressful the moving house process can be. That’s why we’ve put together this helpful guide, explaining how to change your Nutmeg Pension address in under 5 minutes.

In this article, we’ll outline everything you need to know to change your address with Nutmeg Pensions, including how to contact them directly, how to update your Nutmeg Pension address online using SlothMove and much, much more.

Since you’re moving home, why not notify all your other providers of your address change too? Using SlothMove’s award-winning change of address service, you can update your address with all essential institutions, from the NHS, DVLA and DWP to Tesco, Morrisons and M&S.

In fact, we’ve put together a handy change of address checklist for when you’re moving home so that you don’t forget to inform any.

So, let’s not waste anymore time! Here’s a step-by-step guide to completing your Nutmeg Pension change of address online 😎

Tell everyone that you’re changing address in minutes.

Informing each and every single one of your accounts and providers that you’re changing address can be an overwhelming prospect.

But, there’s no need to worry – long gone are the days of contacting each account independently. Instead, SlothMove’s efficient address change service allows you to notify all services in one go!

Yep! You heard that right! In just a few simple clicks you can change your address with all your accounts and providers, without missing any.

Whether you need to notify your energy provider, your water company, your TV Licence, your bank or any other service, you can do so in a matter of minutes with our home-moving service.

All you need to do to update your address with all your accounts, including Nutmeg Pensions, is follow a few easy steps:

STEP 1

Update your address

Select who needs to know you're moving nutmeg, HMRC, NHS 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

When you’ve completed these simple steps, you can sit back and relax, knowing your Nutmeg change of address is in good hands. If we require any more information from you, we’ll simply drop you an email.

However, if you only need to change your address with Nutmeg Pensions, and no others, you can do so by contacting Nutmeg directly 🦥

To get started with your Nutmeg change of address, just click below 📍

Once you click, submit we’ll change your address with Nutmeg Pensions as well as any other accounts you select.

Now, all that’s left to do is sit back and relax, knowing your Nutmeg change of address is in good hands.

Now, let’s find out a bit more about Nutmeg Pensions…

How Do I Change My Address on My Nutmeg Pension?

By far the easiest and quickest way of changing your Nutmeg Pension address is using SlothMove’s hassle-free change of address service.

To change your address on your Nutmeg Pension for you, we just need a little more info…

1) Head over to SlothMove’s home setup platform
2) Enter your details (address, name, when you’re moving)
3) Choose who you’d like to update (Morrisons, JD Gym, Barclays etc..)
4) Click complete and that’s all 😎 SlothMove will update your address across your accounts

Alternatively, if you only plan on updating your address with Nutmeg Pension, but no others, you can do so by getting in touch with the provider manually or by logging into your online account.

Give Nutmeg Pensions a call on 020 3598 1515 or drop them an email at support@nutmeg.com.

What Type of Pension is Nutmeg?

A Nutmeg Pension is known as a ‘simple’ personal pension. This type of pension allows you to make regular contributions to your pension fund, which will be managed by your pension provider.

So, if you choose a Nutmeg Pension scheme, the provider will offer various investment strategies for you to choose from depending on your personal circumstances and your attitude to risk.

These are slightly different to Self-Invested Personal Pensions (SIPPs). While SIPPs allow you to make your own decisions about how the money in your pension is invested, a Nutmeg Pension means the Nutmeg makes the investment decisions for you.

However, you can transfer other types of pensions into your Nutmeg pension pot, as long as you haven’t started to withdraw from them, including SIPPs, personal pensions and other defined contribution pensions.

Is Nutmeg Good for Pensions?

Nutmeg is an extremely popular pension provider, with outstanding reviews from its customers, becoming the UK’s largest robo-adviser.

Nutmeg Pensions provides a simple to use and accessible service that lets you monitor performance whenever and wherever you want.

It is an easy way for a pension saver to invest with very little effort, either by selecting a fixed allocation portfolio or by letting Nutmeg do the work by building and managing your portfolio for you.

Those who want to be more involved in their pension savings also have the option of delving deeper, looking at the funds and assets their money is invested in and even to project how close they are to reaching their retirement target.

Why Do I Need to Change My Address with Nutmeg Pensions?

It’s very important that you remember to complete your Nutmeg Pension change of address when moving home to ensure all relevant information regarding your pension reaches you at the correct location.

If you forget to notify Nutmeg Pensions that you’re moving house, it could result in confidential information being sent to the wrong address. And, it could cause you to miss out on major changes to your pension pot.

In addition, if you need to contact Nutmeg Pensions in the future, you may find it difficult to prove your identity without the correct address on file. This could mean that you have trouble accessing your Nutmeg Pension when it’s time to retire.

Does the Government Pay Into My Nutmeg Pension?

Yes, the government adds 25% of any contributions you make to your Nutmeg pension pot, up to the value of your total annual earnings. So, for example, if you pay in £10,000, the government will add £2,500.

Nutmeg Pensions will then add this amount to any contribution you make straight away. This means that you get to benefit from having the money invested in your pension pot as soon as possible.

How Much Does Nutmeg Charge for Managing My Pension?

Nutmeg charges a number of different fees and charges for managing your pension. However, these fees can vary widely depending on the type of pension you have, the investments your pension is invested in and the provider you’re with.

Here are some of the key Nutmeg pension fees and charges that you should be aware of:

Annual management fee – the cost of managing your investments. They charge this as a percentage of your portfolio value.
Fund costs – the cost of buying investments on your behalf
Effect of market spread – the cost of buying and selling assets on your behalf

Nutmeg Pensions don’t charge to set up or exit a pension, and they don’t charge transaction or trading fees.

Can I Transfer Out of Nutmeg Pensions?

Yes, you’re able to transfer your Nutmeg Pension to another provider at any time.

However, if you do choose to transfer your pension out of Nutmeg, you should always check with your new provider to make sure you’re not losing out on any pension benefits as a result of switching.

When Should I Complete My Nutmeg Pension Change of Address?

Ideally, you should aim to complete your Nutmeg Pension change of address within 2 weeks of moving house.

It’s crucial that you update your Nutmeg Pension address with plenty of time to spare to ensure your pension provider has time to update your details on their systems.

Changing your address with Nutmeg Pensions as soon as possible will eliminate the risk of losing important mail and missing out on crucial information regarding your private pension fund.

What Happens to My Nutmeg Pension When I Retire?

When can I withdraw from my Nutmeg pension?

Generally, you’re able to take your benefits from a personal or workplace pension from the age of 55 onwards. However, this can depend on the rules of your specific pension scheme.

When you reach 55, you have a number of options when it comes to what happens to your Nutmeg pension, including:

Staying invested – you don’t have to withdraw your pension immediately
Taking up to 25% of your pension pot tax free
Taking income from it while it grows in value – known as ‘drawdown’

Some other pension schemes allow you to purchase annuity which guarantees you a regular income. However, Nutmeg only offers drawdown, so if you wanted to purchase an annuity you’d need to transfer your portfolio to a different provider.

While there is no extra charge for income drawdown via Nutmeg pensions, beyond the usual pension portfolio and fund fees, there will be income tax to pay on withdrawals, as with any other pension.

If you have a Nutmeg personal pension and you’re approaching 55, you’ll receive an information pack outlining all the details and explaining how to set up drawdown if you want to.