SET(O)Form - What is your pay each month - Ltd Co. Director?

[gettingit]

Question 5.3 in the SET (o) form asks Are you working in the UK?

If so, what is your pay each month
after income tax and other deductions?

As a limited company director, what should this answer be? Should this be the salary taken out each month, or should I average up the net salary AND dividends taken out in the last 12 months?

Thanks

[ILRHolder]

Just mention the salary taken out each month. I did the same and got my ILR approved last week.

[icon3001]

What if the Director is paid using dividends and which varies every month

[ILRHolder]

Dividend income can't be classified as a regular income and can't be mentioned there.

[icon3001]

You mean if I am taking just dividends every month and different amounts do they not count towards my previous earnings?

[nitinaggarwalin]

Question 5.3 in the SET (o) form asks Are you working in the UK?

If so, what is your pay each month
after income tax and other deductions?

As a limited company director, what should this answer be? Should this be the salary taken out each month, or should I average up the net salary AND dividends taken out in the last 12 months?

Thanks

Hi Guys I am not sure that I would only want to put salary and no dividends so I am plannging to provide this explanantion...

As I am a Director of a limited company my earnings comprise of monthly salary and Dividend income from the limited company.

Monthly Dividends shown above have been calculated as an average based on the annual Gross Dividends of XXX GBP for the 12month period considered for this application, proofs of which have been provided along with the application.



What do you guys think...

PLEASE ADVISE