| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £110,000 | £110,000 | £110,000 | |
| Expenses | IR35 allowable expenses | £5,500 | £5,500 | £5,500 |
| 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 | £16,500 | £17,700 | £66,500 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,220 | £3,171 | £1,224 | |
| Net annual income | £62,851 | £62,239 | £36,802 | |
| Net monthly income | £5,237 | £5,186 | £3,066 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
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