Total tax paid
£6,866
Did you know your employer also pays tax on your salary? It costs the employer £3,442 to pay you £22,872. In other words, every time you spend £10 of your hard-earned money, £3 goes to the government.
Real tax rate
26.1%
So, with you and the employer both paying tax, what used to be a 15% tax rate now rises to 26.1%, meaning your real tax rate is actually 11.1% higher than what it seemed at first.