Total tax paid
£11,973
Did you know your employer also pays tax on your salary? It costs the employer £5,034 to pay you £33,446. In other words, every time you spend £10 of your hard-earned money, £3.58 goes to the government.
Real tax rate
31.1%
So, with you and the employer both paying tax, what used to be a 20.7% tax rate now rises to 31.1%, meaning your real tax rate is actually 10.4% higher than what it seemed at first.