It will apply to those earning between £75,000 and £125,140.
A new tax band of 45p in the pound will be created in Scotland, the Deputy First Minister has announced.
Shona Robison said in her Budget statement at Holyrood on Tuesday that the “advanced” band will apply to those earning between £75,000 and £125,140.
The top rate of tax, levied against those earning above this figure, will rise by 1% next year to 48p in the pound.
Deputy First Minister @ShonaRobisonMSP presents #ScotBudget to @ScotParl today.
This budget prioritises:
🔵protecting public services 🔵funding key missions on equality, opportunity, community 🔵investing in services and infrastructure
Watch at https://t.co/zWDxp2N6pM pic.twitter.com/sH8RJHBniN
— Scottish Government (@scotgov) December 19, 2023
In other areas of tax, the three lowest rates will see no increase to their rates while the starter and basic rate bands will increase by the level of inflation.
The changes will bring in another £1.5 billion to Scotland’s finances next year, Ms Robison said.
