pensions question: Motoring Non-motoring forum

Non-motoring > pensions question	Miscellaneous
Thread Author: bathtub tom	Replies: 5

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Thu 6 Oct 22 09:21

pensions question - bathtub tom

A friend has been contacted by her occupational pension provider to claim thay've been overpaying her for years and wanting the overpayment back.

She spent most of her career as a part-time teacher.

Is there a time limit or any other sort of limit on what they can claim back?

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Thu 6 Oct 22 09:33

pensions question - tyrednemotional

...I think there's a time limit for taking action, but not necessarily a limit on how far back they can claim.

This link seems to give a reasonable summary:

tinyurl.com/2p9uz3xb

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Thu 6 Oct 22 10:44

pensions question - Manatee

>>This link seems to give a reasonable summary:

That link provides a good summary assuming it's accurate, and there's no reason to suppose it isn't.

But - is the relevant scheme a public service pension scheme or a trust-based private sector one? Or something else e.g. an annuity?

I could write a long answer about how I as a pension trustee would view this but it seems likely that it's a public service scheme. They don't have trustees although they do have responsible boards.

Make the arguments to the administrator. If not happy with the resolution, look for the dispute resolution process to escalate.

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Thu 6 Oct 22 11:33

pensions question - tyrednemotional

>> That link provides a good summary assuming it's accurate, and there's no reason to suppose
>> it isn't.
>>
>> But - is the relevant scheme a public service pension scheme or a trust-based private
>> sector one? Or something else e.g. an annuity?
>>
>> I could write a long answer about how I as a pension trustee would view

This link:

www.pensions-expert.com/DB-Derisking/Overpayment-woes-at-Teachers-Pension-Scheme-continue?ct=true

specifically deals with an example of the Teachers' Pension Scheme, which seems to align with the previous link I posted.

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Thu 6 Oct 22 10:50

pensions question - bathtub tom

Thanks for that, could be very useful.

Last edited by: bathtub tom on Thu 6 Oct 22 at 10:51

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Thu 6 Oct 22 11:12

pensions question - Falkirk Bairn

I was overpaid on retirement - the 25% tax free pot was roughly £6,000 overpaid and I had the option of paying tax on the £6K or agreeing to pay back the money.

I did not want to pay tax and paying back was my only option - the Pension admin people wanted to take roughly £1,000 per month for 6 months. I said I would pay back £50 per month for 10 years. We met in between and they took £250 for 22 months - 2 months free as it was their fault. They then said my pension was under what it should have been and duly increased the gross pension.

Over all the pensions I was due did any company, insurer or DWP get it right first time - they all made mistakes.

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