HMRC has published guidance on new, more cost-effective, arrangements for repayments of UK tax deducted at source on the investment income of registered pension schemes, effective from 1 August 2009:

  • a £5,000 de minimis threshold for tax refund claims made during the tax year; if a smaller amount of tax is paid, a claim should be deferred until the £5,000 threshold is reached (or the end of the tax year)
  • a limit of one tax repayment claim each month.

This information will be incorporated into the Registered Pension Schemes Manual later in the year.