I am a director of my own Limited Company (I'm the only one shareholder). Also my wife is a director of this company. We just pay ourselves some salary and sometimes some dividends for me, according to our needs, business results etc. So at some months we can have a salary paid, for some months dividends only, for some months, just nothing is paid from our business account. At the end of the day we have enough income for Tier 1 extension that is going to be in the next year. However we have some concerns regarding it:
1) As far as I can see, when people are applying as directors of their own companies, they apply as persons in salaried employment. They show some payslips for their salary and dividends etc. However I am uncertain whether it is possible to have salary paid on different occasions and in different amounts each time? Or is it possible just to have only dividends paid? Does anybody have an experience in applying for extension in such circumstances? There is a note in the guidance that they want to see all 12 payslips for the claimed period so is there anybody with an experience similar to ours?
2) Guidance says that dividends are accounted if they are from a company where the person is involved in day-to-day management. I understand that being a director is enough. However is it applicable, if there are two directors of the company (also my wife)? Is there any clarification in any official document for this matter?
Thank you very much in advance!
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