Advice

What happens to my pension if Scotland get independence?

What happens to my pension if Scotland get independence?

After independence, entitlement would continue to be built up in Scotland towards a Scottish state pension. This is similar to how state pension entitlement is transferred across EEA countries. This would be paid for either by the UK government or by the Scottish government, subject to pre-independence negotiations.

How long does it take for a country to join the EU?

On average, it takes just under five years from the opening of accession negotiations, but the timeframe depends on the ability of the candidate country to achieve the necessary domestic reforms, as well as the level of political will on all sides to see the process through.

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Are state pensions devolved to Scotland?

All aspects of the state pension will remain reserved, but powers for a wide range of other benefits will be transferred to Holyrood. Benefits for disabled people and carers • Control over benefits affecting some of the most vulnerable members of society will be devolved to the Scottish Parliament.

How much is the old age pension in Scotland?

The new State Pension will be £179.60* per week in tax year 2021/22. To claim any new State Pension you will need to have made National Insurance contributions (NICs) for at least 10 years. *This is the full amount based on having at least 35 ‘qualifying years’ of National Insurance contributions (NICs).

Who voted for Scottish independence?

The referendum question was, “Should Scotland be an independent country?”, which voters answered with “Yes” or “No”. The “No” side won with 2,001,926 (55.3\%) voting against independence and 1,617,989 (44.7\%) voting in favour.

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What are the conditions to join the EU?

Membership requires that candidate country has achieved stability of institutions guaranteeing democracy, the rule of law, human rights, respect for and protection of minorities, the existence of a functioning market economy as well as the capacity to cope with competitive pressure and market forces within the Union.