After the recent Scottish Budget, some higher earners might have been left feeling the squeeze, writes Drew Nutsford
After the recent Scottish Budget, some higher earners might have been left feeling the squeeze. The headline was the proposed introduction from April 2028 of a so-called ‘Mansion Tax' – new, higher council tax bands on properties valued at over £1m. This comes on top of higher income taxes in Scotland than the rest of the UK, for higher earners, and the 20% VAT now levied on private school fees by the government in Westminster. The combination of these changes may mark something of an inflection point, where wealthier Scottish families and HENRY'S (high earners, not rich yet) become m...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes



