| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £110,220 | £110,220 | £110,220 | |
| Expenses | IR35 allowable expenses | £5,511 | £5,511 | £5,511 |
| 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 | £16,511 | £17,711 | £66,511 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,264 | £3,215 | £1,249 | |
| Net annual income | £62,529 | £61,918 | £36,720 | |
| Net monthly income | £5,210 | £5,159 | £3,060 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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