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 Strathclyde Pension Fund 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 Strathclyde Pension Fund is registered to your previous address you will miss out on potentially important information.
Since you’re moving home, we will also cover how you can update your address across other essential institutions and companies (HMRC, Council, NS&I, Energy etc…) at the same time.
Firstly, we’ll explore a quick, safe and hassle-free way of updating your address with Strathclyde Pension Fund (and tell other companies) that you’re moving.
Let’s jump straight in to completing the SPFO 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 Strathclyde 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 - Strathclyde Pension Fund, HMRC, 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 Strathclyde Pension Fund 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 Strathclyde Pension yourself manually, you can call Strathclyde Pension UK Pension Scheme (SPFO) on 0345 890 8999
Whether you currently draw your pension or not, it’s important to update your Strathclyde Pension Fund (along with any others such as True Potential Investor, 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:
You can also update your address with Strathclyde Pension Fund by phone (0345 890 8999) 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 Strathclyde Pension Fund moving house process you’ll need to provide:
The Strathclyde Pension Fund (SPFO) has over 250,000 members and over £20bn in investments. In fact, they are one of the two biggest Local Government Pension Schemes (LGPS) in the UK. In addition to that, they are also one of the top 20 largest UK pension funds and top 50 in Europe.
According to SPFO, “you can retire and receive your benefits in full from your normal pension age. Your benefits will be reduced if you access them before 60. Your benefits may be reduced if you access them after 60 but before your normal pension age and you do not have protection under The Rule of 85″
You can take your Strathclyde Pension 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.
Now we’ve covered how to complete a change of address for your Strathclyde Pension Fund, 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 Strathclyde Pension?
To transfer your Strathclyde Pension you will need the following 4 pieces of information:
You would then submit an application and Strathclyde Pension would process that. if you’d like to take your pension from Strathclyde Pension 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 Strathclyde Pension Fund moving home process 🎉
We’ve discussed how to update the registered address on your Strathclyde 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.