In short, it’s complicated. One of the points made repeatedly by the SNP is that the UK continues to pay the pensions of those who go and live overseas following their retirement. While this is indeed the case, it’s unlikely the Treasury will see Scottish independence in the same way. Pensions are not paid from a “pot” but rather from everyday taxation. According to economists at the Fraser of Allander Institute, an independent research institute, it’s likely that in the event of a Yes vote, the UK would argue that the loss of a significant share of the UK tax base constitutes an “unprecedented change in circumstances that renders comparisons with the treatment of individuals under current state pension policy irrelevant”.

Want to see more SNP fails? – Politics Matters