Hi there,
I'm hoping to apply for ILR in February 2016 (T1G). This summer I have set a Ltd. (director, only shareholder), and company made some money. My accountant gives me small salary and suggests taking dividents which I can understand.
Question:
For ILR I need to show earnings for continuous 12 months. If I not take dividients from previous earnings this year and take them, for example at some point next year instead, (in order them to be within 12month range till ILR) will this be counted towards earnings requirements ?
What bothers me is that company made this money in 2014 which will stay outside of 12 month by the Feb 2016, but me, as a director I will be taking dividents in 2015, so will this have any negative effect ? I hope I expressed situation clearly.
Many thanks!
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