Video: Understanding possible income tax rises in 2018

A Government options paper has laid out numerous options for increasing Scottish income tax next year.

Hard working Scots earning more than £24,000 a year could be facing down an income tax rise in 2018.

Nicola Sturgeon presented an options paper, looking for cross-party consensus about how her minority government should proceed.

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The suggestions in the paper dissect the tax brackets and rearrange the income tax banding across three, four, five and six tax brackets.

27/10/17 . GLASGOW. Stock shot of money. cash , currency, pound , sterling, pound sterling, pound coin, coins , notes, bank notes , debt.

One option is a 1p tax rise to 21p for earners making between £24,001 and £44,290.

Scotland’s ‘additional earners’ making more than £150,000 in a year will likely be subject to anything between a 3p and 5p rise to between 48p and 50p.

To get an idea of how much more income tax you could be paying in 2018, watch the video in the player above.

27/10/17 . GLASGOW. Stock shot of money. cash , currency, pound , sterling, pound sterling, pound coin, coins , notes, bank notes , debt.