| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £79,200 | £79,200 | £79,200 | |
| Expenses | IR35 allowable expenses | £3,960 | £3,960 | £3,960 |
| Legitimate expenses | £3,000 | £3,000 | £3,000 | |
| Salary | £8,000 | £8,000 | £8,000 | |
| Pension contribution | £0 | £1,200 | £50,000 | |
| Employers NI | £0 | £0 | £0 | |
| Total | £14,960 | £16,160 | £64,960 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,077 | £2,028 | £355 | |
| Net annual income | £47,310 | £46,699 | £17,976 | |
| Net monthly income | £3,942 | £3,891 | £1,498 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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