| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £118,359 | £118,359 | £118,359 | |
| Expenses | IR35 allowable expenses | £5,917 | £5,917 | £5,917 |
| 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 | £16,918 | £18,118 | £66,918 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,545 | £3,496 | £1,502 | |
| Net annual income | £66,899 | £66,287 | £41,415 | |
| Net monthly income | £5,574 | £5,523 | £3,451 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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