| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £112,200 | £112,200 | £112,200 | |
| Expenses | IR35 allowable expenses | £5,610 | £5,610 | £5,610 |
| 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 | £16,610 | £17,810 | £66,610 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,306 | £3,257 | £1,288 | |
| Net annual income | £63,916 | £63,305 | £38,125 | |
| Net monthly income | £5,326 | £5,275 | £3,177 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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