| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £114,399 | £114,399 | £114,399 | |
| Expenses | IR35 allowable expenses | £5,719 | £5,719 | £5,719 |
| 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 | £16,719 | £17,919 | £66,720 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,393 | £3,344 | £1,353 | |
| Net annual income | £64,953 | £64,342 | £39,433 | |
| Net monthly income | £5,412 | £5,361 | £3,286 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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