Latest Tory promise to pensioners is bizarre. They (nearly me) get a higher tax threshold than everyone else and don’t pay NI?
Why not just raise the tax thresholds for everyone - both the 20% and 40% levels are now punitively out of date, and make up the difference by adding in new tax rates at higher levels?
Silly me.
We have different tax brackets up here compared to England and Wales...
Scottish Income Tax 2024/25
The table shows the tax rates you pay in each band if you have a standard Personal Allowance of £12,570.
Taxable income Band Tax rate
Over £12,571 to £14,876 Starter rate 19%
Over £14,877 to £26,561 Scottish basic rate 20%
Over £26,562 to £43,662 Intermediate rate 21%
Over £43,663 to £75,000 Higher rate 42%
Over £75,001 to £125,140 Advanced rate 45%
Above £125,140 Top rate 48%
Personal Allowance is reduced by £1 for every £2 earned over £100,000.
Not sure how much extra this brings into the Scottish Treasury, but it seems a fairer spread to me