'Independent Scotland' must keep pension tax relief stable - NAPF

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Scotland should avoid altering pensions tax relief if it becomes independent, the National Association of Pension Funds (NAPF)has said.

In a report published today, the pension industry lobby group set out a number of issues it believed needed clarifying to help ensure the smooth transition of the pensions landscape should Scotland break away. It came in response to the Scottish government's Pensions in an Independent Scotland paper, which said the country would remain committed to auto-enrolment (AE) and an equivalent to the National Employment Savings Trust (NEST). According to the NAPF, any changes to the pensions tax relief policy in Scotland would have cost consequences for schemes with employees across Scotland,...

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