I have been checking what salary my company directors will pay themselves for 2021/22 using the HMRC website on Rates and thresholds for employers 2021 to 2022 - GOV.UK (www.gov.uk)
The national insurance secondary threshold is to be £737 per month or £8,840 per year. As £737 times 12 exceeds £8,840 (it’s actually £8,844 so is £4 more, rather than less as I expected). One of my clients has suggested that to be sure to keep under the threshold he should only take £736 per month. Checking back a few years it seems that habitually the annual threshold is £4 more than the sum of the 12 monthly figures. This seems logical so that if the individual receives some pence more than £732 in 2020/21 it won’t exceed the annual figure of £8,788 by month 12. Is the £8,840 a misprint on the website – should it read £8,848?