Total tax paid
£70,952
Did you know your employer also pays tax on your salary? It costs the employer £20,694 to pay you £137,500. In other words, every time you spend £10 of your hard-earned money, £5.16 goes to the government.
Real tax rate
44.9%
So, with you and the employer both paying tax, what used to be a 36.6% tax rate now rises to 44.9%, meaning your real tax rate is actually 8.3% higher than what it seemed at first.