| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £120,999 | £120,999 | £120,999 | |
| Expenses | IR35 allowable expenses | £6,049 | £6,049 | £6,049 |
| 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 | £17,049 | £18,249 | £67,050 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,647 | £3,598 | £1,604 | |
| Net annual income | £68,177 | £67,565 | £42,694 | |
| Net monthly income | £5,681 | £5,630 | £3,557 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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