Contractor applying as employed. Please verify documents

[MyHSMPApplication]

Hi,
I am a contractor however I am applying as employed. Kindly verify my documents


Age :
Points claimed 5
Documents : Original Passport

Previous Earning :
Points Claimed : 35
Documents :
Payslips from 1st June 2008 - 31st December 2008
Dividend Tax Vouchers from 1st January 2008 - 31st December 2008
Bank Statements from 1st January 2008 - 31st December 2008

Academic Qualification
Points claimed : 35
Documents: None, as the same qualification was used for my HSMP application

Previous UK Earnings
Points claimed: 5
Documents : None

English Language Requirement
Points Claimed : 10
Documents : None as the same was sent during my HSMP application

Spouse Application
Documents : Filled up application form along with marriage certificate

Dependent Child Application
Documents: Filled up application form along with birth certificate

Maintenance Fund
Points claimed 10
documents : CASH ISA Account showing atleast GBP 6000 for the last 3 months

I have my doubts with regard to my previous earnings section. Can you please verify and let me know if it is indeed ok to go ahead with my application

Cheers
PG

[nnj10]

Looks all OK to me except your earnings:

Documents :
Payslips from 1st June 2008 - 31st December 2008
Dividend Tax Vouchers from 1st January 2008 - 31st December 2008
Bank Statements from 1st January 2008 - 31st December 2008

1) Does your pay slips match the requirements of guidance notes?
2) Are you applying as Employed of your own company or of the company to which you provide service?

[xpscapable]

Hi,

If I'm guessing right I think I'm on the same boat with you as well.

I am employed through my Limited Company (sole director, sole shareholder).

I've been drawing enough dividend to qualify for the minimum requirement role. But not entirely sure whether I should apply as "Employed" or "Self Employed".

Because the latter I believe I need to submit company account and basically more paperwork for the case worker.

If dividend is enough then I should just be able to give my payslips + dividend voucher right?

[MyHSMPApplication]

Hi nnj10
Thanks for your response.

To answer your queries

1) Does your pay slips match the requirements of guidance notes?

yes it does.

2) Are you applying as Employed of your own company or of the company to which you provide service?

The answer to this is Yes. I am the director of my company and my wife is the company secretary. I have got my dividend vouchers singed by my secretary and stamped by my accountant.

My query is,
My payslips are from 1st June 2008 - 31st December 2008 i.e. only 7 payslips

Where as my dividend vouchers are from 1st January 2008 - 31st December 2008.

Is that going to be a problem?

[nnj10]

My query is,
My payslips are from 1st June 2008 - 31st December 2008 i.e. only 7 payslips

Where as my dividend vouchers are from 1st January 2008 - 31st December 2008.

Is that going to be a problem?

First of all, I want to ask you, what is your earnings period?
If your earnings period is 1st January 2008 - 31st December 2008
then you should have salary slips for all 12 months.
Read the excerpts from guidance notes below.
If the applicant provides payslips, they must cover the whole period claimed (for example, if payslips are produced monthly, the applicant must provide the payslip for each month of the period claimed).

Hope this is helpful.

[MyHSMPApplication]

Hi NNJ10
Yes, you might be correct.
My claim period is from the 1st of January 2008 - 31st December 2008. However I am providing payslips only from June 2008 - December 2008.


I had a look at the guidelines and it very clearly mentions applicants should provide all 12 mths payslips.

Well in that case there is a possibility that my application might be rejected. I am not going to take any risks and I might aswell wait for few more months before applying.

The only reason why I wanted to apply right away is to eaze my Mortgage application. However with an issue like this there is no point in applying now.

I might aswell wait for couple more months and get two more payslips and apply.

Thanks for your timely help. I was about to apply this morning, however in the last moment decided to apply on Monday, hence didn't apply. Thanks once again

Cheers
PG

[dnd]

i think u should ring them up to clarify that...what if you had only been working for the last 7 months but u earnt 8000 a month?

i would have thought that as long the salary that you are claiming is supported by the payslips, and the dividends is supported by the vouchers that it wouldn't be a problem.

[applyhsmp]

Also the guidance does not talk about sending the Marriage Certificate or birth certificate. I remember sending them for Initial HSMP application and it was mentioned in the HSMP guidance notes as well, however for Tier 1, I could not find anything which says we need to send these to UKBA?

[MyHSMPApplication]

hi dnd,

think u should ring them up to clarify that...what if you had only been working for the last 7 months but u earnt 8000 a month?

i would have thought that as long the salary that you are claiming is supported by the payslips, and the dividends is supported by the vouchers that it wouldn't be a problem.

What you have mentioned is entirely different. You can do what you have mentioned i.e. claim only for 7 months. But for that the claim period should only be 7 months not 12 months as in my case.

My claim period is 12 months but I am providing only 7 payslips and 12 dividend vouchers. Hence as per guidelines the HO might reject my Payslips.

Having said that, I have enough points only in my dividend vouchers to the get to the magic number. Will they consider only dividend vouchers to ascertain the earning capacity?

If yes then I will go ahead with the application, if no, the I might have to wait for a month to get FEB's payslips and apply with Jan and FEB pay slips.

Cheers
PG

[tech]

The interpretation is wrong here,. IF your income is paid in combination both salary and divedends, there is nothing wrong only have six payslips and 12 dividend vouchers.

Get your accountant to write a letter to you about your total income (salary +divdend), + highilght both salary and divdend paid in bank statements.

This is rightway to do it and not waiting for another 7 months.

hope this helps.

[tech]

There is a misunderstanding about self employed vs employed question.
You may be contractor but your are an employee of your LTD company.
What is important to understand if you pay class 2 national insurance and registered with HMRC as self employed , then you are self employed.

Getting your income paid divends and salary doen't make as self employed. Hope this helps.