| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £79,860 | £79,860 | £79,860 | |
| Expenses | IR35 allowable expenses | £3,993 | £3,993 | £3,993 |
| 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 | £14,993 | £16,193 | £64,993 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,074 | £2,025 | £360 | |
| Net annual income | £47,970 | £47,358 | £18,542 | |
| Net monthly income | £3,997 | £3,946 | £1,545 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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