| No pension | £100 per month | Maximum pension | ||
|---|---|---|---|---|
| Revenue | £115,500 | £115,500 | £115,500 | |
| Expenses | IR35 allowable expenses | £5,775 | £5,775 | £5,775 |
| 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 | £16,775 | £17,975 | £66,775 | |
| Personal taxes | Employees NI | £0 | £0 | £0 |
| Paye | £0 | £0 | £0 | |
| Total | £3,434 | £3,385 | £1,391 | |
| Net annual income | £65,514 | £64,902 | £40,031 | |
| Net monthly income | £5,459 | £5,408 | £3,335 | |
| Your maximum allowed pension contribution is £50,000 per annum. | ||||
Free Pension Consultation Request
To arrange a free pension consultation from a specialist pensions expert please complete the form below
We use chosen partners to provide specialist advice for contractors and have been helping contractors since 1999.
X
How we use your data
We will only pass your details to our single chosen provider. That's it. Nothing else.
They will contact you via phone and email. If they don't get through, they will stop trying.
You will not be added to an email list either. If you want updates via email, then please subscribe to our newsletter.
View our full Privacy Statement