From next year, tax payers in Scotland may see less money in their pockets following changes made by the Scottish Government.
This means that those on the highest salary will pay more, with the biggest loss set to be those earning over £160,000 who will take home just over £2,500 less per year.
Set to come into force in April 2023, Scottish income tax rates and thresholds which are set by the Scottish Parliament differ from other parts of the UK with rates in England, Northern Ireland and Wales put in place by the UK Parliament.
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So what is changing for people earning a salary and how much more tax, if any, will you be paying? Here's what you need to know...
Scottish tax changes for April 2023 - what is changing?
Those earning the post will now see less money in their pay packets at the end of each month. For those on a salary of up to £40,000, you will not need to pay any extra meaning your take home pay will remain unchanged.
From April 2023, the higher tax rates will increase by one per cent point. This means that incomes of over £43,663 and will rise to 42 per cent from 41 per cent. Meanwhile the top rate will increase to 47 per cent for people earning over £125,140.
People buying a second home will also have to pay more in tax, according to the Scottish Government, with the recent changes having just come into force on December 16 20222.
Scottish tax changes for April 2023 - how much less you'll take home per year
Annual income |
How much less you'll take home per year |
| £15,000 | Salary will remain the same |
| £30,000 | Salary will remain the same |
| £40,000 | Salary will remain the same |
| £45,000 | £13 less each year |
£50,000 |
£63 less each year |
£60,000 |
£163 less each year |
£100,000 |
£563 less each year |
£120,000 |
£863 less each year |
£150,000 |
£2,432 less each year |
£160,000 |
£2,532 less each year |
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