| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £80,300 | £80,300 | £80,300 | |
| Expenses | IR35 allowable expenses | £4,015 | £4,015 | £4,015 |
| 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 | £15,015 | £16,215 | £65,015 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,103 | £2,054 | £378 | |
| Net annual income | £48,043 | £47,431 | £18,737 | |
| Net monthly income | £4,003 | £3,952 | £1,561 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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