| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £120,120 | £120,120 | £120,120 | |
| Expenses | IR35 allowable expenses | £6,006 | £6,006 | £6,006 |
| 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 | £17,006 | £18,206 | £67,006 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,613 | £3,564 | £1,570 | |
| Net annual income | £67,751 | £67,139 | £42,268 | |
| Net monthly income | £5,645 | £5,594 | £3,522 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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