| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £77,000 | £77,000 | £77,000 | |
| Expenses | IR35 allowable expenses | £3,850 | £3,850 | £3,850 |
| 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 | £14,850 | £16,050 | £64,850 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £1,975 | £1,926 | £283 | |
| Net annual income | £46,445 | £45,833 | £16,753 | |
| Net monthly income | £3,870 | £3,819 | £1,396 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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