@thequidsquid: Most people know how much tax they pay. Very few know where it actually ends up. 💷 On the average UK salary of £39,000, you'll pay around £7,400 a year in Income Tax and National Insurance. 🏥 The biggest share goes to welfare (£1,576), followed closely by the NHS (£1,547). Then comes state pensions (£881) and education (£762). 😬 But here's the figure that surprises most people. Around £799 of your tax bill doesn't pay for schools, hospitals or roads... it simply goes towards paying the interest on the national debt. 🚔 The rest helps fund defence, policing, transport, and other public services that keep the country running. 🤔 If you were in charge, would you change where our taxes are spent? Let me know below. #PersonalFinance #financialeducation #taxes

The Money Man | Mat

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Friday 03 July 2026 13:50:04 GMT