Pension drawdown glossary
If you live in Scotland, your pension income and earnings are taxed at Scottish rates. For 2026/27 there are six bands, from a 19% starter rate to a 48% top rate, applied after the same personal allowance as the rest of the UK.
Source: gov.scot: Scottish Income Tax 2026 to 2027 technical factsheet · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.