From April 24 offenders can be charged up to 175% of their weekly income.
The change comes as the number of speeding offences has soared greatly by 44% in the last five years.
Harsher punishments have been put in place to ensure the fine matches “the seriousness of offending”.
The new system will see fines split into three categories.
Offences where motorists are clocked travelling up to 10mph over the stated speed limit. These people will be fined 25-75% of their earnings.
Drivers going 11mph to 21mph over the limit, will get a fine between 75 per cent and 125 per cent of weekly income
Those caught going 21mph and over. Maximum fine of up to 175% of your weekly wage
The Sentencing Council, which determines the punishments for UK lawbreakers, said fines are being increased to ensure that there is a “clear increase in penalty as the seriousness of offending increases”.
First time speeders can avoid the rising fines by taking a speed awareness course.
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