| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £103,400 | £103,400 | £103,400 | |
| Expenses | IR35 allowable expenses | £5,170 | £5,170 | £5,170 |
| 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 | £16,170 | £17,370 | £66,170 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,000 | £2,951 | £1,050 | |
| Net annual income | £59,227 | £58,616 | £32,621 | |
| Net monthly income | £4,935 | £4,884 | £2,718 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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