| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £41,250 | £41,250 | £41,250 | |
| Expenses | IR35 allowable expenses | £2,062 | £2,062 | £2,062 |
| Legitimate expenses | £3,000 | £3,000 | £3,000 | |
| Salary | £8,000 | £8,000 | £8,000 | |
| Pension contribution | £0 | £1,200 | £28,187 | |
| Employers NI | £0 | £0 | £0 | |
| Total | £13,062 | £14,262 | £41,250 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £756 | £719 | £0 | |
| Net annual income | £27,114 | £26,355 | £8,000 | |
| Net monthly income | £2,259 | £2,196 | £666 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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