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PLZ Help - salary from limited co. & employee

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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gautam.more
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PLZ Help - salary from limited co. & employee

Post by gautam.more » Wed Aug 20, 2014 12:04 am

Hi, could anyone please help? I am applying for ilr, my income source for first 5 month was salaried and rest 7 month as limited company. I am not sure what do write under section earnings. Is it average ie, sum of all salaries /12? Or just average of earning from limited company of which am 100% shareholder?

Please help... I been asking I every forum... No one is answering.

Obie
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Re: PLZ Help - salary from limited co. & employee

Post by Obie » Wed Aug 20, 2014 12:37 am

Which area do you have problem with ?

Is it section 5 of set O or is it the evidence requirement.

If it is section 5 of set O, simply provide an average earning.

For the purpose of gaining point for Tier 1 , what is required is your yearly earning and not monthly earning, as it is envisaged that earning will vary, and earning will be derived from various sources, all of which could vary from month to month.

See Guidance
Smooth seas do not make skilful sailors

gautam.more
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Re: PLZ Help - salary from limited co. & employee

Post by gautam.more » Wed Aug 20, 2014 9:06 am

Many Thanks Obie, Just to clarify what you said, is my understanding correct?

my Question was related to section 5.
specifically 5.2 & 5.6.
As you said,
in 5.2 - i put average or my earning ie ((earning as salaried employee) + (earning as ltd comp director [wages+dividend]))/12.

what about 5.6?
it has 3 columns income source|Interval | Amount
will i have 2 sources,
1. Salary = ((earning as salaried employee) +(Wages earned as ltd company director))/12
2. dividend = (average of dividend as 100% shareholder)

Regards
Gautam

Obie
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Re: PLZ Help - salary from limited co. & employee

Post by Obie » Wed Aug 20, 2014 10:07 am

Well it goes without saying, that the monthly average will have to be done for that aswell
Smooth seas do not make skilful sailors

gautam.more
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Re: PLZ Help - salary from limited co. & employee

Post by gautam.more » Wed Aug 20, 2014 3:10 pm

Thanks for your help Obie Much appreciated.
someone bought to my notice that, that 5.6 was required only if not able to meet appropriate rate of Pay. will just have to put net salary in 5.3 :) .

'If you are unable to meet the appropriate rate of pay because you are on maternity, paternity or adoption leave you should answer questions 5.6, 5.7 and 5.8. If this does not apply to you, please go to section 6.'

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