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, whether any of the 906 tax free lump sum overpayments in 2024 related to retirement in previous years.
Answered by Georgia Gould
Whilst all of the 906 overpayments happened in 2024, the impacted members retired across a number of years.
Of the 906 cases, 163 retired in 2024, 597 in 2023; 5 in 2022), 3 in 2021, 4 in 2020, 2 in 2019, and 8 in 2018. The remaining 124 cases retired before 2018.
The Cabinet Office has worked closely with the scheme administrator, 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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