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Hi ,

I have a question - can you please guide me regarding that please:-

I am a Director (50% shares) of a Ltd company and pay myself Salary/month+Dividends/quaterly= Totally Salary.


Q1.) a.) How much value of money I have to write in the SET(O) form against the Salary Box? ->>> If i am not wrong then it should be -:


Net Salary+Net Dividend = Total Salary/12months = £Value of money I have to write in the Salary Box, as the Section 5 & point 5.3 of SET(O) form states as below -:

5.3 Are you working in the UK? Yes

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


So for exmaple - £30k/year (Net Salary+Net Dividend)= £2500/month value I have to write in the Salary box ? >>> please correct me if i am wrong.


Thanks in advance and looking forward for answers.

NOT sure why you are asking same question again and again and your ILR is not due quite soon as well ( so why panic).

Someone will respond to you ... Don't worry and please don't use multiple topics for same question ...

Hi rajathwp,

Thanks for replying back.

First of all - I am not using same question again & again. This question is entirely different to what I have asked in my other posts.

And my ILR is due in end of April or I might apply first week of May,so I think I don't have much time left.

And I am asking this question - b'coz I have to pay myself Salary/Dividend accordingly, so that my amount of Salary looks Justifiable on the SET(O) form. Hope you understand the nature of Urgency of my question.

I am waiting for other members to reply to my question - please.

Thanking you all in anticipation!!!

Easy solution - mention "income" rather than "salary". In your case, personal income = salary + dividend(s).

IMHO ...

regards

singha6 wrote:Hi ,

I have a question - can you please guide me regarding that please:-

I am a Director (50% shares) of a Ltd company and pay myself Salary/month+Dividends/quaterly= Totally Salary.


Q1.) a.) How much value of money I have to write in the SET(O) form against the Salary Box? ->>> If i am not wrong then it should be -:


Net Salary+Net Dividend = Total Salary/12months = £Value of money I have to write in the Salary Box, as the Section 5 & point 5.3 of SET(O) form states as below -:

5.3 Are you working in the UK? Yes

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


So for exmaple - £30k/year (Net Salary+Net Dividend)= £2500/month value I have to write in the Salary box ? >>> please correct me if i am wrong.


Thanks in advance and looking forward for answers.

Suggestions below:
1) Mention your month salary in the box. as you would provide your payslip, case workder would compare that with the amount you entered there. Again caseworker may compare the amount on payslip to amount transffered to the account.

2) Get a letter from your accountant which mentions your salary and dividends for the last 12 months. Format is available as a sticky on this board. Take the statements which show the dividends transffered.

HTH

Thank you All for your kind suggestions.