1. What is this Calculator?

This calculator estimates your net salary in Scotland for the 2024/25 tax year, accounting for Scottish income tax rates, National Insurance contributions, student loan repayments, and pension contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your annual salary before deductions
• Income Tax — Calculated using Scottish tax bands and rates
• National Insurance — Calculated based on UK-wide thresholds
• Student Loan — Depends on your repayment plan
• Pension — Percentage of salary you contribute

3. Scottish Tax Bands 2024/25

Scottish Income Tax Rates:

• Starter Rate (19%): £2,306 - £13,991
• Basic Rate (20%): £13,992 - £28,850
• Intermediate Rate (21%): £28,851 - £43,662
• Higher Rate (42%): £43,663 - £125,140
• Top Rate (48%): Above £125,140

Personal Allowance: £12,570 (reduced by £1 for every £2 earned over £100,000)

4. Using the Calculator

Instructions: Enter your gross annual salary, select your student loan plan (if applicable), and enter any pension contributions as a percentage of your salary.

5. Frequently Asked Questions (FAQ)

Q1: Why are Scottish tax rates different?
A: Scotland has devolved powers to set its own income tax rates and bands, which often differ from the rest of the UK.

Q2: How accurate is this calculator?
A: It provides a good estimate but doesn't account for all possible deductions or tax credits. For exact figures, consult a payroll specialist.

Q3: What about National Insurance?
A: NI rates are set UK-wide and are calculated based on your earnings above £12,570.

Q4: When do student loan repayments start?
A: Repayments begin the April after you graduate and earn above the threshold for your plan.

Q5: Are pension contributions tax-free?
A: Yes, pension contributions are deducted before tax is calculated, reducing your taxable income.