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Old 12th Dec 2018, 17:44
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Sick Of The Sand
 
Join Date: Dec 2018
Location: Uk
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Scottish High Income Taxes

Just wanted to ensure that anyone coming to UK from Europe or elsewhere, given choice of UK bases, should be aware of the income taxes in Scotland. The government there have imposed income tax bands which have resulted in anyone earning over £26,000 per year paying more income tax than English residents. They have also imposed a tax bracket of 41% on all income over £43,431 whereas in England, from next year the equivalent bracket will not impose higher tax at 40% until reaching over £50,000. Keep in mind that there is also another taxed called National Insurance that has to be paid in addition to this income tax.
Also worth comparing the tax you pay when buying a home in England with the new Scottish LBTT as for larger homes you will be hammered here too. Maybe an English base may suit many and result in more money actually reaching your pocket.
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