“Unsurprisingly, the Scottish government has followed Westminster’s lead in reducing the top rate income tax threshold from £150,000 to £125,140, the point at which the personal allowance ceases to be available. The effective rate of income tax between £100,000 and £125,140 is increasing from 61.5% to 63% due to the combination of the tapering of the personal allowance and the increase in the Scottish higher rate.
