No pension | £100 per month | Maximum pension | ||
---|---|---|---|---|
Revenue | £87,999 | £87,999 | £87,999 | |
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 | £11,000 | £12,200 | £61,000 | |
Personal taxes | Employees NI | £0 | £0 | £0 |
Paye | £0 | £0 | £0 | |
Dividend taxes | £9,378 | £9,081 | £1,476 | |
Total | £2,169 | £2,118 | £550 | |
Net annual income | £58,966 | £58,381 | £28,393 | |
Net monthly income | £4,913 | £4,865 | £2,366 | |
Your maximum allowed pension contribution is £50,000 per annum. |
Free Pension Consultation Request
To arrange a free pension consultation from a specialist pensions expert please complete the form below
We use chosen partners to provide specialist advice for contractors and have been helping contractors since 1999.