Total tax paid
£83,813
Did you know your employer also pays tax on your salary? It costs the employer £24,014 to pay you £159,560. In other words, every time you spend £10 of your hard-earned money, £5.25 goes to the government.
Real tax rate
45.7%
So, with you and the employer both paying tax, what used to be a 37.5% tax rate now rises to 45.7%, meaning your real tax rate is actually 8.2% higher than what it seemed at first.