Hello all,
I am planning to apply for my Tier-1 (General) Visa as my current
PSW visa is going to expire very soon. I’ve got all the max points which I can claim for Age, Qualification, and Maintenance of funds. But for my previous earning I am stuck in quandary. I work as a contractor engineer contracting through a giant limited company which pays me weekly I am on weekly £610 net income. By calculating the same amount for 34 weeks I cross £20K (minimum gross earnings for a person to get a HSMP which
Was setup by home office), but in my pay slip instead of taxable gross being £20K its just £9K because of the expenses I am reimbursed (Food, Travelling, etc...) Of being a contractor. But all my invoices clearly show my net income is £610. The giant limited Company which runs my payroll used to pay me through the national minimum wage (5.75 per hr) and add all the extra stuff to it like holiday pay, bonus, and expenses. This minimum wage is showed as my gross payment on my pay slip and if I calculate for 12 months then it won’t be even half of what I need.
As per the home office rules and regulations in order to get HSMP, the information mentioned on the pay slip for the last 12 months must show that Gross income must be £20000GBP or even more.
When I’m getting my pay slips, the limited company has mentioned all the extra information like holiday pay, bonus, expenses etc, but I came to know that the HO is concerned only with the gross income but not the net income that is mentioned on the pay slip.
Now, I have started a new contract and would like to run my payroll as per the HO rules and regulations. For that I’m really confused that whether to go with a limited company or set up my own limited company so that the accountant produces all the required information as per the needs of HO.
Friends, plz suggest me which could be the best way in order to get my HSMP easily.
Regards,
raj
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