Ex Employer still contributing

ScorpioLady_2

I have a private pension and used to contribute whatever I could afford (not that much though) whilst I was working, my employer would also contribute 5% of my salary.
I left my ex employer a year ago and I haven't contributed since.
I have recently had my annual statement and it looks like my ex employer has carried on contributing!
Any suggestions what should happen now?

ScorpioLady_2

Has anyone any suggestions as to what I should do about this situation please?

Debt_Free_Chick

What kind of pension plan is this? Stakeholder? Or Personal Pension plan?

If so, then it's unlikely that the employer would get the contributions back (possible though as they were paid "in error").

In any event, I think you should now contact your ex-employer and tell them to prevent any more payments. Once you know about overpayments, the employer is in a strong position to have you repay them.

ScorpioLady_2

It was my own personal pension plan, but Virgin transferred it across to stakeholder automatically.
Trouble is, I am on benefits and just don't have the cash to repay the amount.

Midas

ScorpioLady wrote: »

It was my own personal pension plan, but Virgin transferred it across to stakeholder automatically.
Trouble is, I am on benefits and just don't have the cash to repay the amount.

Don't worry about that. If your employer was able to get the money back, it would be taken from the pension fund - not out of your benefits.

chickencow

I used to work in NU's pension department and this is a fairly common scenario. Just let your old employer know and they (or you) can contact the provider who will then refund the contributions as an over-collection.