Total tax paid
£23,076
Did you know your employer also pays tax on your salary? It costs the employer £8,335 to pay you £55,380. In other words, every time you spend £10 of your hard-earned money, £4.17 goes to the government.
Real tax rate
36.2%
So, with you and the employer both paying tax, what used to be a 26.6% tax rate now rises to 36.2%, meaning your real tax rate is actually 9.6% higher than what it seemed at first.