Total tax paid
£14,265
Did you know your employer also pays tax on your salary? It costs the employer £5,748 to pay you £38,192. In other words, every time you spend £10 of your hard-earned money, £3.74 goes to the government.
Real tax rate
32.5%
So, with you and the employer both paying tax, what used to be a 22.3% tax rate now rises to 32.5%, meaning your real tax rate is actually 10.2% higher than what it seemed at first.