| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £701,250 | £701,250 | £701,250 | |
| Expenses | IR35 allowable expenses | £35,062 | £35,062 | £35,062 |
| 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 | £46,062 | £47,262 | £96,062 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £28,501 | £28,448 | £26,275 | |
| Net annual income | £321,166 | £320,607 | £297,880 | |
| Net monthly income | £26,763 | £26,717 | £24,823 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
Free Pension Consultation Request
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We use chosen partners to provide specialist advice for contractors and have been helping contractors since 1999.