Total tax paid
£403
Did you know your employer also pays tax on your salary? It costs the employer £150 to pay you £995. In other words, every time you spend £10 of your hard-earned money, £4.05 goes to the government.
Real tax rate
35.2%
So, with you and the employer both paying tax, what used to be a 25.5% tax rate now rises to 35.2%, meaning your real tax rate is actually 9.7% higher than what it seemed at first.