{"id":23220,"date":"2024-08-16T09:02:43","date_gmt":"2024-08-16T09:02:43","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland\/"},"modified":"2026-05-26T18:28:57","modified_gmt":"2026-05-26T18:28:57","slug":"how-pensions-lower-your-tax-bill-scotland","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland","title":{"rendered":"How pensions lower your tax bill – Scotland"},"content":{"rendered":"\n

This article is for residents of Scotland. If you live in England, Wales or Northern Ireland, please click here<\/a>.<\/strong><\/p>\n\n\n\n

Many of us know that saving into a pension<\/a> is a great way of improving our long-term financial security. What is less well known is that pensions can also be a useful financial planning tool for those whose income puts them in a higher tax band<\/a>.<\/p>\n\n\n\n\n\n\n\n\n
 <\/td>\n 

<\/p>\n

<\/td>\n		 <\/td>\n<\/tr>\n
     <\/td>\n\n
Download: A guide to tax-efficient investing<\/h5>\n

Find out how to invest more tax efficiently and reach your goals in our comprehensive guide<\/p>\n

Download now<\/a><\/strong><\/p>\n

<\/td>\n
     <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

 
Pension and tax planning can be complicated, so it\u2019s important to seek advice<\/a> on what\u2019s best for your individual circumstances. In the meantime, here are some of the main considerations.<\/p>\n\n\n\n

Crossing into a higher tax band<\/h2>\n\n\n\n

Saving into a pension could be particularly tax efficient if your salary and \/ or bonus means you cross into a higher tax band. Assuming you have a standard personal allowance of \u00a312,570, the income tax bands for Scotland are as follows:<\/p>\n\n\n\n

Scottish income tax bands and rates 2024\/25<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Band<\/strong><\/td>\nTaxable income<\/strong><\/td>\nTax rate<\/strong><\/td>\n<\/tr>\n
Personal allowance<\/td>\nUp to \u00a312,570<\/td>\n0%<\/td>\n<\/tr>\n
Starter rate<\/td>\n\u00a312,571 to \u00a314,876<\/td>\n19%<\/td>\n<\/tr>\n
Basic rate<\/td>\n\u00a314,877 to \u00a326,561<\/td>\n20%<\/td>\n<\/tr>\n
Intermediate rate<\/td>\n\u00a326,562 to \u00a343,662<\/td>\n21%<\/td>\n<\/tr>\n
Higher rate<\/td>\n\u00a343,663 to \u00a375,000<\/td>\n42%<\/td>\n<\/tr>\n
Advanced rate<\/td>\n\u00a375,001 to \u00a3125,140<\/td>\n45%<\/td>\n<\/tr>\n
Top rate<\/td>\nOver \u00a3125,140<\/td>\n47%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

Source: HM Revenue & Customs <\/em><\/p>\n\n\n\n

Let\u2019s imagine your total income is \u00a348,662. You would pay 42% tax on the \u00a35,000 of income that falls within the higher-rate tax band. If, however, you made a \u00a35,000 gross pension contribution<\/a> (\u00a34,000 plus \u00a31,000 tax relief) your \u2018adjusted net income\u2019 would fall to \u00a343,662, potentially avoiding higher-rate tax.<\/p>\n\n\n\n

The same principle applies to the top-rate tax band, which kicks in once your income exceeds \u00a3125,140. Income above this level is taxed at 47%, but you might be able to mitigate this by paying into a pension and lowering your adjusted net income to below the threshold.<\/p>\n\n\n\n

Reinstating your personal allowance<\/h2>\n\n\n\n

Pensions could be an even more valuable financial planning tool for those earning more than \u00a3100,000 and whose personal allowance is tapered<\/a>. The tax-free personal allowance reduces by \u00a31 for every \u00a32 your adjusted net income exceeds \u00a3100,000. It is nil once your income exceeds \u00a3125,140.<\/p>\n\n\n\n

Although income that falls within the advanced rate band is taxed at 45%, the personal allowance taper means some of your income could effectively be taxed at a staggering 67.5%.<\/p>\n\n\n\n

Let\u2019s say you earn a \u00a3100,000 salary and are awarded a \u00a31,000 bonus. Not only would you pay \u00a3450 in tax on the \u00a31,000, but you would also lose \u00a3500 of your personal allowance. This extra \u00a3500 would also be taxed at 45%, costing you another \u00a3225. As a result, earning an extra \u00a31,000 would cost you \u00a3675 in tax, which equates to a 67.5% effective tax rate.<\/p>\n\n\n\n

One way to mitigate this is to save into a pension. If you made a gross pension contribution of \u00a31,000, your adjusted net income would fall to \u00a3100,000, thereby reinstating your personal allowance and giving an effective rate of tax relief of 67.5% on your pension contribution.<\/p>\n\n\n\n

What to watch out for<\/h2>\n\n\n\n

Bear in mind that there is a cap on the amount you and your employer can pay into your pension each year and still get tax relief. For most people, the pension annual allowance<\/a> is 100% of your UK relevant earnings or \u00a360,000 whichever is lower. However, this might be tapered<\/a> if your adjusted income exceeds \u00a3260,000.<\/p>\n\n\n\n

If you exceed your annual allowance, you\u2019ll have to pay an annual allowance charge that essentially claws back any tax relief received on the excess contribution. If you aren\u2019t sure how much your annual allowance is, or you\u2019re concerned about exceeding it, make sure you speak to a financial adviser.<\/p>\n\n\n\n

Next steps<\/h2>\n\n\n\n

Understanding pensions and tax and their impact on your overall finances can be bewildering, and that\u2019s where getting some financial advice<\/a> can help. An adviser will take a thorough look at your financial situation to determine whether making or increasing pension contributions suits your individual circumstances. They can also help you select the right pension fund for your needs, advise on other tax-efficient forms of investing, and keep on top of any changes to pension rules.<\/p>\n\n\n\n

\n\n\n\n

The value of investments, and any income from them, can fall and you may get back less than you invested. RBC Brewin Dolphin is not a tax specialist and this does not constitute tax advice. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. You should always check the tax implications with an accountant or tax specialist.<\/path><\/path><\/wrike-avatar> Information is provided only as an example and is not a recommendation to pursue a particular strategy. Information contained in this document is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.<\/strong><\/p>\n\n\n\n

\n\n\n\n\n\n\n\n\n
 <\/td>\n 

<\/p>\n

<\/td>\n		 <\/td>\n<\/tr>\n
     <\/td>\n\n
Get financial planning tips straight to your inbox<\/h5>\n

Sign up to our newsletter for expert insights on investing for the future, saving for retirement, passing on assets to the next generation, and much more.<\/p>\n

Subscribe<\/a><\/strong><\/p>\n

<\/td>\n
     <\/td>\n<\/tr>\n
 <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Paying into a pension not only improves your long-term finances but could also help you pay less income tax. Here\u2019s why.<\/p>\n","protected":false},"author":97,"featured_media":11877,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"","editor_notices":[],"rbc_url_alias":"","rbcbd_featured_desktop_image_position":"","rbcbd_featured_mobile_image_position":"","footnotes":"","jetpack_post_was_ever_published":false},"categories":[801],"tags":[],"rbcwm_content_owner":[],"rbcwm_need":[770],"rbcwm_segment":[772],"rbcwm_solution":[758],"rbcwm_topic":[108],"rbcwm_channel":[99,781],"rbcwm_format":[779],"class_list":["post-23220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pensions","rbcwm_need-live-well","rbcwm_segment-individuals","rbcwm_solution-wealth-planning","rbcwm_topic-pensions-and-retirement","rbcwm_channel-private-clients","rbcwm_channel-uk-individual","rbcwm_format-article"],"acf":{"rbc_ct_service":"s2","rbc_ct_theme":"s2_th4","rbc_ct_topic":"s2_th4_ta1","rbcwm_subtitle":"Paying into a pension not only improves your long-term finances, but could also help you pay less income tax. Here\u2019s why.","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":"","disclaimer_footnote":""},"rbcwm_insight_cta_id":"","rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":3,"rbcwm_enable_toc":false},"yoast_head":"\nHow pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom\" \/>\n<meta property=\"og:description\" content=\"Paying into a pension not only improves your long-term finances but could also help you pay less income tax. Here\u2019s why.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management United Kingdom\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-16T09:02:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-26T18:28:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg?w=2000\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"729\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom\" \/>\n<meta name=\"twitter:description\" content=\"Paying into a pension not only improves your long-term finances but could also help you pay less income tax. Here\u2019s why.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"How pensions lower your tax bill – Scotland\",\"datePublished\":\"2024-08-16T09:02:43+00:00\",\"dateModified\":\"2026-05-26T18:28:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland\"},\"wordCount\":848,\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/05\\\/How_pensions_could_lower_your_tax_bill_hero_image.jpg\",\"articleSection\":[\"Pensions\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland\",\"name\":\"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/05\\\/How_pensions_could_lower_your_tax_bill_hero_image.jpg\",\"datePublished\":\"2024-08-16T09:02:43+00:00\",\"dateModified\":\"2026-05-26T18:28:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/05\\\/How_pensions_could_lower_your_tax_bill_hero_image.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/05\\\/How_pensions_could_lower_your_tax_bill_hero_image.jpg\",\"width\":1920,\"height\":729,\"caption\":\"How pensions lower your tax bill - Scotland\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/how-pensions-lower-your-tax-bill-scotland#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How pensions lower your tax bill – Scotland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"name\":\"RBC Wealth Management United Kingdom\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\",\"name\":\"RBC Wealth Management United Kingdom\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management United Kingdom\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland","og_locale":"en_GB","og_type":"article","og_title":"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom","og_description":"Paying into a pension not only improves your long-term finances but could also help you pay less income tax. Here\u2019s why.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland","og_site_name":"RBC Wealth Management United Kingdom","article_published_time":"2024-08-16T09:02:43+00:00","article_modified_time":"2026-05-26T18:28:57+00:00","og_image":[{"width":1920,"height":729,"url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg?w=2000","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_title":"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom","twitter_description":"Paying into a pension not only improves your long-term finances but could also help you pay less income tax. Here\u2019s why.","twitter_misc":{"Written by":"","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland"},"author":{"name":"","@id":""},"headline":"How pensions lower your tax bill – Scotland","datePublished":"2024-08-16T09:02:43+00:00","dateModified":"2026-05-26T18:28:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland"},"wordCount":848,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg","articleSection":["Pensions"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland","name":"How pensions lower your tax bill - Scotland | RBC Wealth Management United Kingdom","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg","datePublished":"2024-08-16T09:02:43+00:00","dateModified":"2026-05-26T18:28:57+00:00","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg","width":1920,"height":729,"caption":"How pensions lower your tax bill - Scotland"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/how-pensions-lower-your-tax-bill-scotland#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/"},{"@type":"ListItem","position":2,"name":"How pensions lower your tax bill – Scotland"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","name":"RBC Wealth Management United Kingdom","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization","name":"RBC Wealth Management United Kingdom","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management United Kingdom"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":""}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/05\/How_pensions_could_lower_your_tax_bill_hero_image.jpg","publishpress_future_action":{"enabled":false,"date":"2026-07-13 11:22:20","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management United Kingdom","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk","push-errors":false,"last_revision_date":"2025-03-12 15:58:00","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/23220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/comments?post=23220"}],"version-history":[{"count":12,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/23220\/revisions"}],"predecessor-version":[{"id":41164,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/23220\/revisions\/41164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/media\/11877"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/media?parent=23220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/categories?post=23220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/tags?post=23220"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_content_owner?post=23220"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_need?post=23220"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_segment?post=23220"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_solution?post=23220"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_topic?post=23220"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_channel?post=23220"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_format?post=23220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}