Total tax paid
£5,696
Did you know your employer also pays tax on your salary? It costs the employer £3,078 to pay you £20,450. In other words, every time you spend £10 of your hard-earned money, £2.79 goes to the government.
Real tax rate
24.2%
So, with you and the employer both paying tax, what used to be a 12.8% tax rate now rises to 24.2%, meaning your real tax rate is actually 11.4% higher than what it seemed at first.