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Question on Income Calculations

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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landcruiser94
Junior Member
Posts: 53
Joined: Fri Jun 29, 2012 1:21 pm
Location: United Kingdom

Question on Income Calculations

Post by landcruiser94 » Thu Aug 21, 2014 11:10 am

Hello Experts
Can you please advise.

When calculating my total Income for ILR points, can I also take the taxable gains on which I have been taxed into consideration?
For instance, my actual income before tax is £2000. However, I contribute monthly towards a company shares plan and every 6 months, i get taxed on the gains for this shares. This month, the total gains is £600 so I am being taxed on £2600 as opposed to £2000.

Does this £600 also count towards my income for the purposes of ILR.

I would appreciate your support

Best regards,
Method: NCS
received by UKVI: 14/04/15
Clearance of fees: 05/05/15
acknowledged: 13/05/15
Biometric letter : 13/05/15
Date of Biometrics : 18/05/15
Date of approval: 20/08/2015
Date approval delivered in the post: 29/08/15
Date of ceremony:08/09/15
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vishpb35
Member
Posts: 157
Joined: Fri Mar 14, 2014 9:34 pm
Location: United Kingdom / Immigration forum website

Re: Question on Income Calculations

Post by vishpb35 » Thu Aug 21, 2014 10:15 pm

If your annual UK income (before tax deduction) is more than minimum annual wage as per category code of your Cos, then you are fine.

* Not sure of the exact reason why you are asking for calculating income.
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