Total tax paid
£128,314
Did you know your employer also pays tax on your salary? It costs the employer £34,630 to pay you £230,100. In other words, every time you spend £10 of your hard-earned money, £5.58 goes to the government.
Real tax rate
48.5%
So, with you and the employer both paying tax, what used to be a 40.7% tax rate now rises to 48.5%, meaning your real tax rate is actually 7.8% higher than what it seemed at first.