Total tax paid
£8,967
Did you know your employer also pays tax on your salary? It costs the employer £2,476 to pay you £16,449. In other words, every time you spend £10 of your hard-earned money, £5.45 goes to the government.
Real tax rate
47.4%
So, with you and the employer both paying tax, what used to be a 39.5% tax rate now rises to 47.4%, meaning your real tax rate is actually 7.9% higher than what it seemed at first.