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Calculating Dividends for ILR

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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raju4u
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Posts: 87
Joined: Wed Dec 18, 2013 8:35 pm

Calculating Dividends for ILR

Post by raju4u » Thu Dec 03, 2015 10:43 pm

Hi there,

I was just wondering that how do you calculate the dividends. I have been to my accountant and he calculated total dividends/0.9 is it correct way to calculate? For example my salary+dividends are: £32,800 in total for 12 months, and when i make it 32800/0.9= 36,444. which is the figure i need for the my threshold. It could be an accountancy term but would like the second opinion as well. thanks
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jibri
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Posts: 315
Joined: Sun Apr 01, 2012 6:30 pm

Re: Calculating Dividends for ILR

Post by jibri » Thu Dec 03, 2015 11:20 pm

When you take dividends the amount is net dividends, when it comes to calculate the dividends issued to you it should be gross so if you receive £1,000 you actually received £1,111. its same like you receive net salary after tax but your actual salary is your gross before tax
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