Total tax paid
£596,676
Did you know your employer also pays tax on your salary? It costs the employer £145,986 to pay you £970,008. In other words, every time you spend £10 of your hard-earned money, £6.15 goes to the government.
Real tax rate
53.5%
So, with you and the employer both paying tax, what used to be a 46.5% tax rate now rises to 53.5%, meaning your real tax rate is actually 7% higher than what it seemed at first.