Pensions

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FOR THE UNION FOR INDEPENDENCE

Effect of ageing

Scotland will age slightly faster than RUK[1]. Comparison of the status quo and independence scenarios shows that Scotland is worse off in the case of independence. The greatest difference is in 2035 and at this point the average labour income tax rate in Scotland is 1.4 percentage points higher in the independence scenario[2].


References

  1. ONS population estimates, 2012-based principal ONS population projections
  2. Can an Ageing Scotland Afford Independence? Katerina Lisenkova (National Institute of Economic and Social Research)Marcel Mérette (University of Ottawa)NIESR Press release 5 Dec 2013


Effect of ageing

The difference in ageing is much smaller than the overall effect of population ageing itself. By 2060 the average income tax rate increases by 8.5 percentage points in the status quo scenario[1]. .


References

  1. Can an Ageing Scotland Afford Independence? Katerina Lisenkova (National Institute of Economic and Social Research)Marcel Mérette (University of Ottawa: NIESR Press release 5 Dec 2013


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