Royal Mail: Workplace Pensions
The question
To ask the Minister for the Cabinet Office, pursuant to the Answer of 10 March to Question 34653 on Royal Mail: Workplace Pensions, what the total value of the 906 tax free lump sum overpayments in 2024 was.
Answered by Georgia Gould
The total value of the overpayments in relation to the 906 lump sums miscalculated in 2024 is £1,325,340.78.
The Cabinet Office has worked closely with the scheme administrator, Capita, to review all other processes in relation to the administration of the scheme, to ensure that they are documented and accurately reflect the contractual requirements and scheme rules, to deliver the best possible service to members and minimise errors.
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