| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £112,860 | £112,860 | £112,860 | |
| Expenses | IR35 allowable expenses | £5,643 | £5,643 | £5,643 |
| 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 | £16,643 | £17,843 | £66,643 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,334 | £3,285 | £1,309 | |
| Net annual income | £64,208 | £63,596 | £38,507 | |
| Net monthly income | £5,350 | £5,299 | £3,208 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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