58% and rising

[islaydarkblue]

There is no fund.

You are correct.
There has never been a fund set aside for the payment of old age pensions.
The payment of old age pensions is paid out of current taxation.
Someone previously correctly posted that there are not enough high earners working and living in Scotland.
This has been made worse by the former cabinet secretary for finance Derek MacKay bringing in Scottish taxation rates which means
that any employee in Scotland earning just over £26,000 per annum pays more tax than someone earning the same salary in the
rest of the U.K.
As a result there has been a shortfall in the protected amount of tax to be raised under the Scottish taxation scheme .
To date the Westminster Government has paid this shortfall by increasing the amount handed over as the block grant but it will not continue.
Eventually the Scottish Government will have to learn to stand on its own two feet if it wants have its own Scottish taxation rates.