Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Pampergirl50
    • By Pampergirl50 2nd Feb 17, 4:19 PM
    • 2Posts
    • 0Thanks
    Pampergirl50
    Overpayment following redundancy
    • #1
    • 2nd Feb 17, 4:19 PM
    Overpayment following redundancy 2nd Feb 17 at 4:19 PM
    I was recently made redundant and when I received my final payslip I noticed I had been overpaid by £6000. I contacted my employer immediately and made them aware of the error. They also replied straight away, thanked me for advising them and said they would look into it. Since then I have heard nothing. I know I am not entitled to this money and repaying it is not an issue but do I have a legal responsibility to keep chasing them or is the onus on them now as I have informed them? If I just send them a cheque for the overpayment then I am going to be out of pocket as I have been taxed on part of the funds. Any advice would be appreciated.
Page 1
    • TBagpuss
    • By TBagpuss 2nd Feb 17, 8:55 PM
    • 5,407 Posts
    • 7,090 Thanks
    TBagpuss
    • #2
    • 2nd Feb 17, 8:55 PM
    • #2
    • 2nd Feb 17, 8:55 PM
    How long has it been?
    You've notified them already, so legally I don't think you have an obligation to chase.

    Personally, I'd probably follow up, assuming that there has been at least one complete payroll cycle since you contacted them.
    • TELLIT01
    • By TELLIT01 3rd Feb 17, 11:04 AM
    • 3,331 Posts
    • 3,433 Thanks
    TELLIT01
    • #3
    • 3rd Feb 17, 11:04 AM
    • #3
    • 3rd Feb 17, 11:04 AM
    A follow up call / e-mail can't hurt. You could always try putting, in bold text, that if you hear nothing from them by a certain date you will assume that the payment is actually correct, that their lack of response is confirmation of that fact, and they have no further right to reclaim the payment. I'm sure that will spur them into action.
    I'm not suggesting for one moment that this would have any weight in law, but it'll put the frighteners on somebody for sure. :-)
    • nic_c
    • By nic_c 3rd Feb 17, 10:51 PM
    • 738 Posts
    • 468 Thanks
    nic_c
    • #4
    • 3rd Feb 17, 10:51 PM
    • #4
    • 3rd Feb 17, 10:51 PM
    Just ring fence the money in your account until they get back in contact. They will have to take the tax into account and the timescale for a response depends on the size of your ex-company's payroll team and their workload. Legally you have notified them, but it is up to them to give you a reconciliation figure of how much to pay back.
    • Kynthia
    • By Kynthia 1st Mar 17, 8:43 AM
    • 4,841 Posts
    • 6,821 Thanks
    Kynthia
    • #5
    • 1st Mar 17, 8:43 AM
    • #5
    • 1st Mar 17, 8:43 AM
    I'd chase them again just to try and get it resolved but wouldn't put myself out too much unless I was on benefits and this extra money was detrimentally affecting them. Then I'd put the money somewhere it would earn some interest for me and where I wouldn't spend it accidently.
    Don't listen to me, I'm no expert!
    • TBagpuss
    • By TBagpuss 1st Mar 17, 9:43 AM
    • 5,407 Posts
    • 7,090 Thanks
    TBagpuss
    • #6
    • 1st Mar 17, 9:43 AM
    • #6
    • 1st Mar 17, 9:43 AM
    How recently? will there have been another pay run since the payment was produced?

    I would follow up with a letter, keeping a copy and obtaining proof of postage, to state thatyou contacted them on [date], have heard nothing frher, and if you haven't heard by (say) 3rd April will take it that the sum is accurate. I'd add in that if they consider it is incorrect, you will need them to provide you with a breakdown of the calculation and confirmation that they will esure that HMRC are ifomred of the correction so that you are taxed correctly.

    But as othershave said, ring fence it in a separate savigns account as they could claim it back for (I believe) up to 6 years.
    • Silvertabby
    • By Silvertabby 1st Mar 17, 12:13 PM
    • 904 Posts
    • 972 Thanks
    Silvertabby
    • #7
    • 1st Mar 17, 12:13 PM
    • #7
    • 1st Mar 17, 12:13 PM
    As above, but send the letter by registered post (or whatever it's called now) so it will be tracked and signed for.
    • Pampergirl50
    • By Pampergirl50 16th Mar 17, 10:16 PM
    • 2 Posts
    • 0 Thanks
    Pampergirl50
    • #8
    • 16th Mar 17, 10:16 PM
    • #8
    • 16th Mar 17, 10:16 PM
    Thanks for your replies. I have emailed them twice now and they just say they will look into it. I'm not contacting them again as I feel I have done more than enough to try and sort this. I've put the money in premium bonds until they ask for it and I know I can get to it quickly and who knows, I might strike it rich!
    • no1catman
    • By no1catman 17th Mar 17, 9:53 PM
    • 2,383 Posts
    • 1,788 Thanks
    no1catman
    • #9
    • 17th Mar 17, 9:53 PM
    • #9
    • 17th Mar 17, 9:53 PM
    How are you so sure that it is not a valid payment due to you?
    I used to work for Tesco - now retired - speciality Clubcard
    • Prothet of Doom
    • By Prothet of Doom 17th Mar 17, 10:04 PM
    • 3,124 Posts
    • 3,766 Thanks
    Prothet of Doom
    Me ? I'd put it in an interest bearing account and leave it, gaining interest. If it was still there after 2 years I'd put it into a pension and claim tax relief on it.

    You've told them enough times of your concerns
    • Majestic12
    • By Majestic12 23rd Mar 17, 9:41 PM
    • 131 Posts
    • 54 Thanks
    Majestic12
    It happened a month and a half ago and the company don't seem too bothered about the overpayment? They must not miss the cash!
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

335Posts Today

4,262Users online

Martin's Twitter