Total tax paid
£45,592
Did you know your employer also pays tax on your salary? It costs the employer £14,147 to pay you £94,000. In other words, every time you spend £10 of your hard-earned money, £4.85 goes to the government.
Real tax rate
42.2%
So, with you and the employer both paying tax, what used to be a 33.5% tax rate now rises to 42.2%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.