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ILR, Ltd Company and payslip issues

Posted: Wed Feb 01, 2012 8:42 pm
by golu
hi
My ILR is due in june and I have started preparing the documents, I had some doubts about the payslips.
I run my own limited company and take a salary every month, however the amount I take does not match the the payslips my accountant has generated, is it ok to pay the difference in a seperate transaction and then get a letter from the accountant ?

I am really not sure what is the best way to deal with this ?

Also is it ok if I dont use my payslips and use only my dividend vouchers to claim my income points?

Kindly advise

Posted: Wed Feb 01, 2012 10:23 pm
by linkers
I would suggest taking new play slips from your accountant which match with your bank statement.

Posted: Wed Feb 01, 2012 10:47 pm
by sunil.suneel
Please mention what items from your payslip don't match ???

If it is only the dates that should be just fine as you will be usually delayed by the time you actually payout your own payslips and some choose to pay out couple of months together ...

But the amounts should match in a sense, either the amount should add up to more than one payslip ...

The idea is, since you run your own accounts on your company, its upto you when you really take money out of the bank but the right amount has to be taken out ....

Posted: Thu Feb 02, 2012 10:41 am
by golu
thanks for your replies.

It is the payment issue, I have paid myself less than the amount in payslip.

I was wondering if I can pay myself in seperate transaction and call it as adjustment for the difference in the amount..

Is that a good idea ?

Posted: Thu Feb 02, 2012 12:42 pm
by nnj10
golu wrote:thanks for your replies.

It is the payment issue, I have paid myself less than the amount in payslip.

I was wondering if I can pay myself in seperate transaction and call it as adjustment for the difference in the amount..

Is that a good idea ?
Doing so will still not match individual payslip and money credited to your personal account.
Case worker would want to match the individual entry in bank statement with corresponding payslip.
So best option, as others suggested; is to ask your accountan to give you pay slip matching your salary credited to your bank account.
If you/your accountant has already paid higher TAX/NIC to HMRC, you can always adjust that in the following period.