Total tax paid
£157
Did you know your employer also pays tax on your salary? It costs the employer £74.05 to pay you £492. In other words, every time you spend £10 of your hard-earned money, £3.20 goes to the government.
Real tax rate
27.8%
So, with you and the employer both paying tax, what used to be a 16.9% tax rate now rises to 27.8%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.