The Scottish Government delivered their budget this week for 2024/25. The added complexity of the Scottish income tax system results in increased financial planning opportunities. An important one being more tax relief will be available for those making tax relievable investments such as pensions. #scotlandbudget #taxplanning
Scotland’s Budget for 2024/25 was presented on 19 December outlining how the SNP government plans to shore up public finances and services in Scotland. A new ‘advanced’ tax rate of 45% will come in from April 2024 for earnings between £75,000 and £125,140. Read our Summary of the key measures here: https://lnkd.in/ePBXCRMT #scotlandbudget #advancedrate #tax