The reality of pensions in a Scotland that has voted for independence

Primary Author or Creator:
MammothWhale
Publisher:
MammothWhale
Alternative Published Date
2022
Category:
Type of Resource:
Blog
Fast Facts

A look at the actual opportunities and challenges an independent Scotland would have with pensions.

More details

An independent Scotland will fully fund state pensions for all pensioners resident in Scotland at the moment of independence. These pensions will be paid in the new Scottish currency. From the point of independence, the Scottish Government would have the power to directly increase pensions payments to residents. Meanwhile, Scots who have contributed enough through National Insurance to the UK Treasury would still receive state pension payments from the UK Government.

 

Keywords
English