Royal mail pension

robgail

Hi,
I took my pension from Royal mail in January 2009 after being told that once you reach 50 you can get your pension from Royal mail.No problem there, they paid out a lump sum and a monthly pension.
I have just received a letter from Royal mail pension plan informing me that the lump sum I received is "subject to HMRC limits with a tax charge being applied if these limits are exceeded" then they gone on to say my lump sum exceeded the limits and " the calculation used to determine the amount of tax free lump sum payable contained an error". Royal mail now want me to pay back the overpayment (nearly £2000 ) in 14 days. As this was their error can they force me to pay it back?. Has anyone else been contacted by Royal mail pensions? Any info on this please.

chris_m

I dare say that they can expect to get it back - however demanding 2 grand within 14 days is somewhat unreasonable.
I would suggest you try to negotiate repayment in instalments - ones that you can afford bearing in mind that it'll be coming out of your pension, not ones that they want.

custardy

if you retired in 2009,what was the resolution with your colleague shares from 2007?