Post
by sal911 » Wed Sep 09, 2015 8:17 pm
Hello again,
I am in the process of filling in form FLR(M) and some advice would really help regarding question on the financial requirement.
Our financial situation is my wife (the applicant) gets paid a salary (£7.5k) from my Ltd company. I receive a salary as well as dividends from the same ltd company. Although, I meet the 18,600 threshold with my sole income I would like to also use my wifes salary to re-inforce the application. The reason for this is my wife has been receiving her salary monthly in her bank account whereas I haven't (see previous posts). Therefore, I shall be relying on CAT A and CAT F to meet the financial requirement.
It seems I should fill in 7.3A with my wifes income and 7.3B with my income. At the end of 7.3A the total amount of salaried income I enter is £7500, the next question asks When combined does your annual income and your sponsors annual income from current employment meet or exceed the financial requirement you must meet. I assume I should tick NO. A few questions later it states if you have ticked no then move on to question 7.3C. If ticked yes move on to 7.4. Therefore, in both instances missing 7.3B which I need to fill in
My question is:
1.have I assumed correctly in detailing our income in such a way and answering 7.3A and 7.3B.
2.should I tick Yes or No.
BTW... Apologies for the long winded post.
Thanks in advance
Secondly, should