Scottish Budget income tax decision widens pension tax relief gap

James Phillips
clock • 2 min read

Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.

In its Budget yesterday (12 December), the Scottish Government announced its six income tax band thresholds would not change at the start of the next tax year. This differs from the rest of the UK ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Nest convenes member assembly to help shape investment decisions

Nest convenes member assembly to help shape investment decisions

Paul Todd says the future of pensions should be shaped by those who rely on them

Paul Todd
clock 21 May 2026 • 4 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 18 May 2026 • 3 min read
BlackRock launches LTAF to broaden DC access to private markets

BlackRock launches LTAF to broaden DC access to private markets

LTAF seeded by two UK DC schemes with BlackRock scheme allocating 20% to the fund

Jonathan Stapleton
clock 18 May 2026 • 1 min read
Trustpilot