No pension | £100 per month | Maximum pension | ||
---|---|---|---|---|
Revenue | £110,000 | £110,000 | £110,000 | |
Expenses | IR35 allowable expenses | £5,500 | £5,500 | £5,500 |
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 | £16,500 | £17,700 | £66,500 | |
Personal taxes | Employees NI | £0 | £0 | £0 |
Paye | £0 | £0 | £0 | |
Total | £3,244 | £3,195 | £1,236 | |
Net annual income | £62,563 | £61,951 | £36,658 | |
Net monthly income | £5,213 | £5,162 | £3,054 | |
Your maximum allowed pension contribution is £50,000 per annum. |
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