Tax Information & Tax Calculator Wizard
Scottish Income Tax - Who pays?
You pay Scottish Income Tax if you live in Scotland.
You may also pay Scottish Income Tax if you:
- move to or from Scotland
- live in a home in Scotland and one elsewhere in the UK, for example for work
- do not have a home and stay in Scotland regularly, for example you stay offshore or in hotels
How you pay
If you’re employed or get a pension, your tax code will start with an ‘S’. This tells your employer or pension provider to deduct tax at the Scottish rate.
Your tax code will be S1250L if you pay Scottish Income Tax and get the standard Personal Allowance of £12,500.
If you fill in an online Self Assessment tax return, there’s a box for you to tell HMRC that you pay Scottish Income Tax.
We have produced a handy Tax Brochure (see below), if you’d like a printed copy, please request one from your Financial Adviser, alternatively a downloadable version of this can be found in our Document Library.
Below you will find a handy tax calculator wizard which you can use to calculate all taxes and national insurance contributions for PAYE, Self Employment, Dividend, Capital Gains and Savings Income.
The full calculator can be found at UKTaxCalculators.co.uk