Scotland

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.

The Scheme Advisory Board for Scotland's £42bn 11 local authority funds has proposed merging their liabilities, assets and administration into one or more asset vehicles as part of a major structural review.

An independent Scotland would seek for occupational pension schemes straddling the border to be jointly regulated with the United Kingdom, a commission for the Scottish Government has said.

The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.

HM Revenue and Customs (HMRC) has published a relief at source update for Scottish Income Tax following last week's Scottish Budget.

This week's top stories included the pension tax relief consequences of the Scottish government's decision to differ tax bands for Scottish workers compared to the rest of the UK.

Proposed changes to Scottish income tax bands could see savers receiving too little tax relief, commentators have warned.

The Institute of Chartered Accountants of Scotland (ICAS) has called on the Scottish government to reform cessation debt rules in the Local Government Pension Scheme (LGPS).

Greater Manchester Pension Fund (GMPF) and London Pensions Fund Authority (LPFA) have jointly acquired a stake in a Scottish windfarm through their infrastructure vehicle.