| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £94,160 | £94,160 | £94,160 | |
| Expenses | IR35 allowable expenses | £4,708 | £4,708 | £4,708 |
| 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 | £15,708 | £16,908 | £65,708 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,641 | £2,592 | £782 | |
| Net annual income | £54,754 | £54,142 | £27,067 | |
| Net monthly income | £4,562 | £4,511 | £2,255 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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