Total tax paid
£140,384
Did you know your employer also pays tax on your salary? It costs the employer £37,500 to pay you £249,167. In other words, every time you spend £10 of your hard-earned money, £5.63 goes to the government.
Real tax rate
49.0%
So, with you and the employer both paying tax, what used to be a 41.3% tax rate now rises to 49.0%, meaning your real tax rate is actually 7.7% higher than what it seemed at first.