What about pensions in an independent Scotland?
Your state pension will be paid in the same way, but simply by the Scottish Government rather than Westminster.
As we move forward, independence will offer the opportunity to make improvements based on the needs and priorities of the people of Scotland and based on the policies you vote for in elections to the Scottish Parliament.
The Scottish Government has made clear that accrued pension rights will continue to be honoured after independence.
So state pensions will continue to be paid as before. And so will public sector pensions – including civil service, army, police, fire-fighters, NHS, universities, teachers and local government pensions. Some of these schemes are already administered by the Scottish Government.
There will be agreement between the Scottish and UK governments as to the exact share of pension liabilities to be taken on by the Scottish Government – but it has repeatedly been made clear that no accrued pension rights will be lost.
Private sector pensions will continue to operate as before. The Scottish Government will ensure there are suitable protections in place for final salary occupational schemes.
Successive Westminster governments have been criticised for their approach to pensions – from Gordon Brown’s tax raid on pension funds, to the current Tory-led reforms to the state pension which (according to the Institute of Fiscal Studies) will see the “vast majority” worse off.
And yet the Westminster Government spends billions of pounds each year on tax relief for some of the wealthiest people in the country.
Independence offers the people of Scotland full control over the type of pensions system that they would like to see. It would be for the different political parties to outline their proposals, including the retirement age.
We know that an independent Scotland would be better able to afford pensions and other forms of ‘social protection’ – which take up less of our tax revenues and national wealth compared to the UK figures.
You can read more about the current Scottish Government's proposals in a paper called "Pensions in an Independent Scotland" as well as in the white paper "Scotland's Future: Your Guide to an Independent Scotland". We also have more detailed answers on this website for questions about each of the state pension, public sector pensions, and private pensions.
A Yes vote offers the possibility of a fairer pensions system.