| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £107,360 | £107,360 | £107,360 | |
| Expenses | IR35 allowable expenses | £5,368 | £5,368 | £5,368 |
| 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 | £16,368 | £17,568 | £66,368 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,153 | £3,104 | £1,165 | |
| Net annual income | £61,145 | £60,533 | £35,001 | |
| Net monthly income | £5,095 | £5,044 | £2,916 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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