Total tax paid
£8,879
Did you know your employer also pays tax on your salary? It costs the employer £4,070 to pay you £27,040. In other words, every time you spend £10 of your hard-earned money, £3.28 goes to the government.
Real tax rate
28.5%
So, with you and the employer both paying tax, what used to be a 17.8% tax rate now rises to 28.5%, meaning your real tax rate is actually 10.7% higher than what it seemed at first.