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Old 17th Jul 2019, 20:21
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scotpen
 
Join Date: Jul 2019
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Originally Posted by Bob Viking
I assume that, once you have left and are drawing your pension, it can no longer be tinkered with.
BV
This is not necessarily true for those of us retired in Scotland - and not trying to debate the pros and cons of Independence.

SNP policy is that following independence they wish to take responsibility for the payment of UK government pensions to pensioners resident in Scotland. It is also SNP policy to introduce a Scottish currency (which might or might not retain parity with the rUK £) which is likely to be the currency used for all Scottish pensions.

While UK government pension payments would obviously be (a small??) part of the hugely complex negotiations in the event of Scottish Independence, it is quite possible to envisage the purchasing power of existing pensions paid to those in Scotland and rUK diverging. For example, even ignoring any purchasing power differences between currencies what, if any, inflation rates would be used for uplifts if there were different governments responsible for payments?
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