(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
The normal 6-year time limit for assessment and repayment of
income tax applies to pension schemes. If a repayment claim is not
submitted within 6 years of the end of the year of assessment in
which the particular income was taxed the claim will be out of date
and entitlement to repayment lost. This does not often cause
problems but sometimes trustees fail to submit repayment claims
until formal approval is granted and are caught by the statutory
time limit. If in such a case you are asked whether by concession
the time limit can be waived and repayment allowed for the out of
date years look at SF70/164. Any decision to allow concessional
treatment is for Financial Intermediaries and Claims Office (Trusts
& Charities) to make.
