| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £117,480 | £117,480 | £117,480 | |
| Expenses | IR35 allowable expenses | £5,874 | £5,874 | £5,874 |
| 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 | £16,874 | £18,074 | £66,874 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,513 | £3,464 | £1,470 | |
| Net annual income | £66,445 | £65,833 | £40,961 | |
| Net monthly income | £5,537 | £5,486 | £3,413 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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