Total tax paid
£42,385
Did you know your employer also pays tax on your salary? It costs the employer £13,319 to pay you £88,500. In other words, every time you spend £10 of your hard-earned money, £4.79 goes to the government.
Real tax rate
41.6%
So, with you and the employer both paying tax, what used to be a 32.8% tax rate now rises to 41.6%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.