| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £101,859 | £101,859 | £101,859 | |
| Expenses | IR35 allowable expenses | £5,092 | £5,092 | £5,092 |
| 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 | £16,092 | £17,292 | £66,093 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,940 | £2,891 | £1,005 | |
| Net annual income | £58,482 | £57,870 | £31,696 | |
| Net monthly income | £4,873 | £4,822 | £2,641 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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