No pension | £100 per month | Maximum pension | ||
---|---|---|---|---|
Revenue | £120,999 | £120,999 | £120,999 | |
Expenses | IR35 allowable expenses | £6,050 | £6,050 | £6,050 |
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 | £17,050 | £18,250 | £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. |
Free Pension Consultation Request
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