Tax Code Guide
SD2
Scottish Tax Code SD2
What does this code mean?
SD2 applies the Scottish Top Rate of 47% to all income from this source. This is the second-highest Scottish rate and applies to very high earners. Scotland has more tax bands than the rest of the UK, so the thresholds and rates are unique.
Who gets this code?
Very high-earning Scottish taxpayers with income exceeding the higher rate threshold from their primary source.
Is it correct?
Check your latest P45 or Payslip to see if this matches your current situation.