Scottish August Bank Holiday
Happy Bank Holiday to all our friends north of the border. The first Monday in August (6th August 2018) is the Summer Bank Holiday in Scotland. Originally, the holiday was on the Scottish date for the whole UK, but in 1971, after a five-year trial period, it was permanently moved to the final Monday of August in England, Wales, and Northern Ireland. So, if you struggled into work today, at least you still have a Bank Holiday to look forward to at the end of the month.
The August Bank Holiday was instituted by the Bank Holidays Act of 1871 to give bankers a day off so they could participate in cricket matches. Since then, I am pleased to say that its significance has greatly expanded beyond those narrow limits; a day for preparing to return to work?
In pensions, there are some differences that apply for those in Scotland compared to those in the rest of the UK. A notable difference is the rules on how the pension is shared on divorce. We do receive a number of enquiries about divorce and have introduced an appointment service to explain further to people who are trying to get to grips with the implications of the financial split of their pension. For those divorcing in Scotland, we will explain the rules that specifically apply to you.