Post
by slugmeister » Tue Jun 21, 2011 10:54 am
The easiest way around this is to plan a year in advance. Your salary should be whatever the Tier 1 minimum is. So if you need, £32K, for example, in order to get Tier 1 then make sure your salary-- the part you are paying tax on -is £32K even if it means you have a smaller commission.
Yes, you end up paying more tax but the good news is that you get to stay in the country.
I regret not doing it this way completely. All the money I saved in tax I ended up spending on an immigration lawyer to sort the mess out. I was on a very, very good offshore EBT. The returns were great, but it made proving my salary, which was effectively minimum wage, extremely difficult.