SNP Government's New Tax Rates Spark Controversy
High earners consider relocating as tax increases are set to affect an estimated 154,000 people.
- Scotland's SNP government has introduced a new 45% income tax band for those earning between £75,000 and £125,140, up from the previous rate of 42%.
- The top rate of income tax for those earning over £125,140 will increase from 47% to 48%, affecting an estimated 154,000 people.
- Workers earning £80,000 will see their tax bill rise by £140 in 2024-25, and compared to a worker in England, they will pay £2,346 more.
- High earners are considering moving south of the border due to the tax increases, with estate agents reporting a jump in enquiries from Scots looking to relocate.
- Scottish Labour leader Anas Sarwar accused the SNP government of being 'out of touch', arguing that it's not the people with the broadest shoulders that are being targeted by the tax increases.