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Income Tax Rates and Bands

Recent income tax rates and bands are as follows:

2018/19 2019/20 2020/21
Savings rate: 10%, 0% from 2015/16 Up to £5,000 Up to £5,000 Up to £5,000
Dividend Allowance: 0% Up to £2,000 Up to £2,000 Up to £2,000
Basic rate: 20% Up to £34,500 Up to £37,500 Up to £37,500
Higher rate: 40% £34,501 - £150,000 £37,501 - £150,000 £37,501 - £150,000
Additional rate: 45% Over £150,000 Over £150,000 Over £150,000

When the personal allowance is taken into account an individual will start to pay tax at 40% when their total income exceeds £50,000 in 2019/20. This threshold (and the 45% threshold) can be increased if the taxpayer pays personal pension contributions or makes gift aid donations.

For 2020/21 the intermediate rate band on non-savings income for Scottish Taxpayers is set at £43,430. For all other income types it remains in line with the main UK band of 50,000.

Scottish Income Tax Rates and Bands for non-savings income

2018/19 2019/20 2020/21
Starter rate: 19% Up to £2,000 Up to £2,049 Up to £2,085
Basic rate: 20% £2,001 to £12,150 £2,050 to £12,444 £2,086 to £12,658
Intermediate rate: 21% £12,151 to £31,580 £12,445 to £30,930 £12,659 to £30,930
Higher rate: 41% £31,581 - £150,000 £30,931 to £150,000 £30,931 to £150,000
Additional rate: 46% Over £150,000 Over £150,000 Over £150,000

 

Charities & Not For Profit

We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...

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Farming Industry

The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...

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