As you may know, the RBS pension fund is part of the NatWest Group pension fund. 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 RBS 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 RBS 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 RBS 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 the RBS pension fund 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 - RBS, 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 RBS 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 RBS yourself manually, you can call The Royal Bank of Scotland’s Pension Fund on 01737 227549
Whether you currently draw your pension or not, it’s important to update your RBS pension (along with any others pensions you may have such as National Grid, AJ Bell, 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 RBS Pension home move and other address changes:
You can also update your address with RBS by phone 01737 227549.
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 RBS pension moving house process you’ll need to provide:
You can draw your from your RBS pension from the age of 55. According to RBS, “Your pension will be worked out in the same way as at normal pension age, based on your final pensionable salary and pensionable service at the time you retire, and reduced permanently according to your age of retirement” Even if you take your pensions before State Pensionable Age (SPA) you will be entitled to 25% as a tax-free lump sum.
Now we’ve covered how to complete a change of address for RBS 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 RBS Pension?
To transfer your RBS Pension you will need the following 4 pieces of information:
You would then submit an application and National Grid would process that. if you’d like to take your pension from RBS 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 RBS Pension moving home process 🎉
We’ve discussed how to update the registered address on your RBS 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.