[Calculations for outside IR35. Change to inside IR35.]
- The tax man will fund up to 20% of a pension for you!
- Your current monthly net pay is £2,613, and taxes are £573.
- You can efficiently contribute up to £225,000 per year.
- For each £100 contributed, your take home pay only reduces by £79. The tax man pays the rest!
Pension Quotation from ContractorFinancials [Advertisement]