Total tax paid
£7,491
Did you know your employer also pays tax on your salary? It costs the employer £3,637 to pay you £24,167. In other words, every time you spend £10 of your hard-earned money, £3.10 goes to the government.
Real tax rate
26.9%
So, with you and the employer both paying tax, what used to be a 15.9% tax rate now rises to 26.9%, meaning your real tax rate is actually 11% higher than what it seemed at first.