6min chapter

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Ep 154: Tax planning for doctors in 2023 (pt 1)

Medics Money podcast

CHAPTER

The Pros and Cons of Income Tax in Scotland

Most of those changes above will apply to our Scottish listeners and viewers. In Scotland, people will be aware in Scotland that there are more income tax bans. The two highest rates in income tax in Scotland have been increased from 41 to 42% and from 46 to 47%. Those changes were announced by the Scottish Government in February this year. There is a whole separate tax regime for dividends and that has also changed. It's estimated that 635,000 people are going to start paying tax on their dividends later this year. Eagle Listening: What do you think? Email emma.glanfield@mailonline.co.uk or call 020 3615 4157.

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