| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £95,259 | £95,259 | £95,259 | |
| Expenses | IR35 allowable expenses | £4,762 | £4,762 | £4,762 |
| 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 | £15,762 | £16,962 | £65,763 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £2,650 | £2,601 | £797 | |
| Net annual income | £55,686 | £55,075 | £27,929 | |
| Net monthly income | £4,640 | £4,589 | £2,327 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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