In the 2020/21 tax year, both my and my wife's companies were paying us salaries at the £732pcm level, which I had always thought was the magic number where you got NI 'stamps' without it costing anything.
Her employer has recommended a salary for 21/22 of £792:
I'm unclear where this comes from... I am being advised to increase £732 a trifle to get a salary of £8840 so why would £9504 be as good/better?
Her business does have other employees, if that is a factor? Clearly these are small differences but I like to see where they've come from especially as we have had conflicting advice on the same issue for our respective businesses from the two accountants before. (I understand where £8840 comes from)
Her employer has recommended a salary for 21/22 of £792:
Would you like to increase to £792 per month? This would be above the lower NI threshold (therefore earning qualifying years), and below the primary threshold (not incurring employee NI). A small of Employer NI (£7.59) would be offset by the employment allowance.
Her business does have other employees, if that is a factor? Clearly these are small differences but I like to see where they've come from especially as we have had conflicting advice on the same issue for our respective businesses from the two accountants before. (I understand where £8840 comes from)
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