Standard Life Pension Change of Address
Everything You Need to Complete Your Standard Life Change of Address
Standard Life 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 Standard Life 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 Standard Life 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 Standard Life 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 Standard Life 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 - Standard Life 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 Standard Life 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 Standard Life yourself manually, you can call on 0345 084 5000
How To Update Your Address with Standard Life Pension
Whether you currently draw your pension or not, it’s important to update your Standard Life Pension (along with any others such as Legal & General, Aviva 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 Standard Life Pension home move and other address changes:
- Head over to SlothMove’s moving home platform
- Select who needs to know you’re moving (Standard Life 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 Standard Life pension by phone (0345 084 5000).
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 Standard Life Pension moving house process you’ll need to provide:
- Your Standard Life account number (starts with AV20…)
- Previous address
- New address
- Date of move
- Name
Can I cash in my Standard Life pension?
You are able to cash in up up to 25% of your total pension as a tax-free lump sum in cash, providing it is within your Lifetime Allowance. You can take more money if you wish, though that may not be tax free.
You can find more information about withdrawing cash and annuity’s with Standard life
When can I take my Standard Life Pension?
You can take your Standard Life pension from the age of 55. Standard Life offer a lot of variety in terms of how you draw down that amount, from 25% cash lump sum to developing an annuity. All of the options have their own tax implications.
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.
Standard Life Pensions have lots of helpful resources which you may find helpful, including:
- Which schemes are available
- Drawing down your pension in light of Covid-19
- Annyuity’s and other options
Standard Life Pension Facts
Standard Life have been helping people in the UK for over 200 years and work with almost 5 million customers. Standard Life supports both private and group pensions. Which ever fund you have with them, you can assess the historic performance on their fund performance tool.
When can I take my Standard Life Pension?
According to Standard Life, you can take your pension from the age of 55. You can take this cash in a way that suits you, whether that be in an annuity, lump sum or other.
You final pension amount is calculated from your pensionable service at date of retirement and your pensionable salary.
How do I transfer my Standard Life Pension?
Now we’ve covered how to complete a change of address for your Standard Life 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 Standard Life Pension?
To transfer your Standard Life 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 Standard Life would process that. if you’d like to take your pension from Standard Life 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.
Standard Life Pension Moving house & Beyond
We’ve covered everything you need to complete the Standard Life Pension moving home process 🎉
We’ve discussed how to update the registered address on your Standard Life 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.