Total tax paid
£59,952
Did you know your employer also pays tax on your salary? It costs the employer £14,426 to pay you £95,853. In other words, every time you spend £10 of your hard-earned money, £6.25 goes to the government.
Real tax rate
54.4%
So, with you and the employer both paying tax, what used to be a 47.5% tax rate now rises to 54.4%, meaning your real tax rate is actually 6.9% higher than what it seemed at first.