Spouse salary and investment

[inaam.cs]

Hi,
I'm applying for T1 Ent extension. My spouse is also my employee she works as part time. Has her salary got any impact on my 50K investment?
Thanks

[zimba]

Hi,
I'm applying for T1 Ent extension. My spouse is also my employee she works as part time. Has her salary got any impact on my 50K investment?
Thanks

Better not pay her salary from your investment or this could be viewed as recycling cash

[inaam.cs]

Hi,
I'm applying for T1 Ent extension. My spouse is also my employee she works as part time. Has her salary got any impact on my 50K investment?
Thanks

Better not pay her salary from your investment or this could be viewed as recycling cash

Thanks for your reply, its actually point of no return for me. I am applying the visa next week and I only came to know that this is a gray area which should have been avoided.
What my understanding was that she is working for my company and she is getting paid by my company.
So, am I OK to take the risk or is there any way out for my situation?
Regards

[tier1in2014]

Hi,
I'm applying for T1 Ent extension. My spouse is also my employee she works as part time. Has her salary got any impact on my 50K investment?
Thanks

Better not pay her salary from your investment or this could be viewed as recycling cash

Thanks for your reply, its actually point of no return for me. I am applying the visa next week and I only came to know that this is a gray area which should have been avoided.
What my understanding was that she is working for my company and she is getting paid by my company.
So, am I OK to take the risk or is there any way out for my situation?
Regards

If you have not made your management accounts and going with directors loan option you can make another investment for the amount she got paid in form of directors loan and make sure to get this on your latest accounts to be safe .

[Jazz2007]

Hi,
I'm applying for T1 Ent extension. My spouse is also my employee she works as part time. Has her salary got any impact on my 50K investment?
Thanks

If her Salary is a part of your required 50K investment then you have to put it back before applying and update management accounts.

[zimba]

Your wife can work for you and paying her from revenues is fine. However getting her paid from your investments is questionable

[inaam.cs]

Your wife can work for you and paying her from revenues is fine. However getting her paid from your investments is questionable

Thanks for your explanation, so by revenue you mean the income or profit? Because the year (3rd year) she worked for me as part timer, the company income (sales) was almost 60K and during the same year I invested 50K from my own personal bank account.

So, have I paid her from revenue or from investment?
Regards

[zimba]

Revenue means income of the company.

[ishfaqsangra]

If she has genuinly worked for the company and is qualified enough or has relevant experiance I dont think ,it could be a significant issue,if there is any concern,they may interview and question her credibilit.
My wife has worked in my relevant field while I was studying and then later on I joined the same field and she has assisted my companysince beginning,although she left since April16,I am not worried about this at all.
There are many other factors which will contribute in decision.

[businessmen aces]

According to the rules its very clear that you can only spend your investment on paying salary to settled workers and not to family members or those on tier 1 visa. If you are paying your wife from profits of the company and company assets are more than you invested than its fine you don't even have to inform home office about it as you can only claim points for employment for settled workers and not others.

[inaam.cs]

According to the rules its very clear that you can only spend your investment on paying salary to settled workers and not to family members or those on tier 1 visa. If you are paying your wife from profits of the company and company assets are more than you invested than its fine you don't even have to inform home office about it as you can only claim points for employment for settled workers and not others.

Thanks for your reply. I'm only claiming points from my settled worker. OK here is my precise situation.
All investment of 50K made in third year and company also had sales of 60K in the same year. My wife also worked the same year. At the end of year, company in loss but the cash in company's bank account is 30K. So can I say that wages for my wife are paid from revenue and not from Investment?

[ishfaqsangra]

If someone has genuinely worked for the Company, there should not be any issue as per my understanding,(Please note unrealistic withdrawals without proper revenues could be a potential issue )Just keep it simple and you do not need to particularly mention or explain why you employed your spouse.

[inaam.cs]

Thanks Ishfaqsangra

[tier1in2014]

According to the rules its very clear that you can only spend your investment on paying salary to settled workers and not to family members or those on tier 1 visa. If you are paying your wife from profits of the company and company assets are more than you invested than its fine you don't even have to inform home office about it as you can only claim points for employment for settled workers and not others.

Hi please if you can tell us where it says that "you can only spend your investment on paying salary to settled workers and not to family members or those on tier 1 visa" as per my understanding any directors salary will not be counted towards investment . We have paid to one of our EU dependent employee which we cant claim any Job creation points but for investment I am not sure .

[ishfaqsangra]

Anything other than director will count towards investment, as long as it is legitimate and not one of those clearly mentioned in guidelines like buying business or personal accommodation etc.

[zimba]

Hi please if you can tell us where it says that "you can only spend your investment on paying salary to settled workers and not to family members or those on tier 1 visa" as per my understanding any directors salary will not be counted towards investment . We have paid to one of our EU dependent employee which we cant claim any Job creation points but for investment I am not sure .

Please understand that no one is arguing that, you can hire anyone as long as it is legal and pay them salary.
However investing in a business and then getting it back via your dependants is questionable. If you are primarily doing that in your business, it is not technically investment but circulation of cash via business to give the impression of a genuine investment. You might face questioning from HO if you do this