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 University Superannuation Scheme 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 USS Pension 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 USS Pension (and tell other companies) that you’re moving.
Let’s jump straight in to completing the USS 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 USS 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.
Select who needs to know you're moving - USS Pension, 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 USS 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 the University Superannuation Scheme yourself manually, you can call on 0333 300 1043
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 USS Pension home move and other address changes:
You can also update your USS pension by phone (0333 300 1043).
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 USS Pension moving house process you’ll need to provide:
The USS benefit package includes a tax-free lump sum. This lump sum is equivalent to three times your annual pension amount. You can take up to 25% in line with the lifetime tax free allowance.
You can find more information about the retirement income builder here.
According to USS, the USS Pension age will rise from 65 to 66. This went into effect on 6th October 2020, so you must now be 66 to draw down your pension. You are still able to draw down your pension earlier than 66, but you will see a reduction in the amount.
The University Superannuation Scheme pension age is changing in line with the change in the State Pension age in 2020.
Now we’ve covered how to complete a change of address for your USS 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 USS Pension?
To transfer your USS Pension you will need the following 4 pieces of information:
You would then submit an application and USS will process that. if you’d like to take your pension from USS 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 USS Pension moving home process 🎉
We’ve discussed how to update the registered address on your USS 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.