| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £135,369 | £135,369 | £135,369 | |
| Expenses | IR35 allowable expenses | £6,768 | £6,768 | £6,768 |
| Legitimate expenses | £0 | £0 | £0 | |
| Salary | £0 | £0 | £0 | |
| Pension contribution | £0 | £1,200 | £50,000 | |
| Employers NI | £0 | £0 | £0 | |
| Total | £6,768 | £7,968 | £56,768 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £4,594 | £4,527 | £2,334 | |
| Net annual income | £73,469 | £73,069 | £50,589 | |
| Net monthly income | £6,122 | £6,089 | £4,215 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
Free Pension Consultation Request
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We use chosen partners to provide specialist advice for contractors and have been helping contractors since 1999.