For example, the Scottish Government plans to continue its policy of freezing the threshold at which someone starts paying higher-rate tax – with more and more people set to be higher-rate taxpayers.

Source: https://www.heraldscotland.com/business_hq/23233577.scottish-growth-matter-greater-focus-needed/?ref=rss

For example, the Scottish Government plans to continue its policy of freezing the threshold at which someone starts paying higher-rate tax – with more and more people set to be higher-rate taxpayers.

Source: https://www.heraldscotland.com/business_hq/23233577.scottish-growth-matter-greater-focus-needed/?ref=rss

Once this allowance is exceeded, savers pay tax on their interest at their rate of income tax – in other words 20 per cent for basic rate taxpayers and 40 per cent for higher-rate taxpayers.

Source: https://www.dailymail.co.uk/money/saving/article-12299779/More-1-7m-savers-face-tax-bill-heres-cut-yours.html?ns_mchannel=rss&ns_campaign=1490&ito=1490