| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £115,500 | £115,500 | £115,500 | |
| Expenses | IR35 allowable expenses | £5,775 | £5,775 | £5,775 |
| 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 | £16,775 | £17,975 | £66,775 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,458 | £3,409 | £1,415 | |
| Net annual income | £65,226 | £64,614 | £39,743 | |
| Net monthly income | £5,435 | £5,384 | £3,311 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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