Company Director Income ILR Application Spouse Visa
Feb 10th 2020, 11:32 am
#1
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Joined: Apr 2014
Posts: 133
Company Director Income ILR Application Spouse Visa
Hi Folks,
I'm getting myself in a bit of a muddle as I finish off my husband's ILR application. I'm a company director and derive my income from there (such joy for these forms!). The company is jointly held with my spouse.
When they ask me for my income - am I right in my interpretation that this my income from Salary and Dividends from the period covered by the CT600 rather than the income from my P60? I'm pretty sure I got this wrong the last time I applied for hubsters FLR, and just put in the P60 figure. This wasn't an issue clearly, but I'd rather not provoke the Home Office by doing it twice!
Many thanks for any reassurances
I'm getting myself in a bit of a muddle as I finish off my husband's ILR application. I'm a company director and derive my income from there (such joy for these forms!). The company is jointly held with my spouse.
When they ask me for my income - am I right in my interpretation that this my income from Salary and Dividends from the period covered by the CT600 rather than the income from my P60? I'm pretty sure I got this wrong the last time I applied for hubsters FLR, and just put in the P60 figure. This wasn't an issue clearly, but I'd rather not provoke the Home Office by doing it twice!
Many thanks for any reassurances
Feb 10th 2020, 11:49 am
#2
Joined: Feb 2012
Location: Not in Paris
Posts: 18,194
Re: Company Director Income ILR Application Spouse Visa
Is your husband in salaried income with a third party or are you both solely self-employed through your own company?
Feb 10th 2020, 12:22 pm
#3
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Joined: Apr 2014
Posts: 133
Re: Company Director Income ILR Application Spouse Visa
Thanks for replying Brit In Paris, your time is much appreciated. My husband is paid a salary from the company, plus 50% of the dividends. He also has another part time business on the side that generates pocket money.
My share of salary and dividend is more than covering the requirement. Last time I only submitted proof of my income as I think I'd read in the notes to only submit as much as you needed to qualify. Is this still the case?
My share of salary and dividend is more than covering the requirement. Last time I only submitted proof of my income as I think I'd read in the notes to only submit as much as you needed to qualify. Is this still the case?
Feb 11th 2020, 1:38 pm
#4
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Re: Company Director Income ILR Application Spouse Visa
In case it helps anyone else, I'm going to answer this question myself. I had a further trawl through the supporting documents and I now realise this is the relevant bit of guidance:-
Firstly:-
Then the clarification for my own situation:-
So if you're a company director, you have to work out your salary and dividends drawn during the company tax year, then show your workings by submitting company accounts, all your pay slips, dividend vouchers, business bank statements showing money going out, personal bank statments showing money going in. You then need to also prove you are still in employment as a company director since your tax year end.
Firstly:-
Appendix FM 1.7: Financial Requirement August 2017609. Self-employment or Director or employee of a specified limited company in the UK 9.1. Category F: Last full financial year 9.1.1. Where the applicant’s partner (and/or the applicant if they are in the UK with permissionto work) is in self-employment, or is either the director or employee (or both) of a specified limited company in the UK, at the date of application, they can use income from the last full financial year to meet the financial requirement.
9.3.2. For those employed as a director or other employee (or both) of a specified limited company in the UK, the relevant financial year(s) will be that covered by the Company Tax Return CT600 and corresponds to the 12-month accounting year of the company
So if you're a company director, you have to work out your salary and dividends drawn during the company tax year, then show your workings by submitting company accounts, all your pay slips, dividend vouchers, business bank statements showing money going out, personal bank statments showing money going in. You then need to also prove you are still in employment as a company director since your tax year end.
