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If you will be meeting the financial requirement through your salaried/none-salaried employment then your other borrowings will have no affect.brightb23 wrote: ↑Mon Jul 15, 2019 10:30 pmHello
I earn more than 19,000 and I will be applying for my wife soon who is currently in the uk on a student visa and we are already married back home. I will be applying in September but I currently want to apply for student finance towards my own studies. I’m applying for both the fees and maintenance, will this accept my spouse application in anyway ?
brightb23 wrote: ↑Sun Jan 05, 2020 1:34 pmHi
My divorce was finally approved in March 2019 and i got married in April 2019.
My employment history is that i was employed from December 2018 until October 2019 earning 1,050 GBP. I also was working for myself and paid myself 2,400 dividend payment twice quarterly in June 2019 and again in september 2019. I quit my other job in october 2019 and started working full time for my self in November, earning 2000GBP every month.
What category should i apply on?
Will i have a problem with my financial requirements?
When is the best time to apply ? i intend to apply for same day application
please advise
That’s what I’m on about! Click on the link!
Other requirements are summarised on the various associated pages of the link below:
You can't combine your payslips from your own company. Your dividends could have been combined but only if where the company doesn't belongs to you or to your other family members. See the quote from appendix fm 1.7 as what can be combined with category B.brightb23 wrote: ↑Mon Mar 16, 2020 1:19 pm1. I’m submitting 12 months payslips as requested. 8 payslips from my previous employer and 4 from my own limited company paying myself salary. I just discovered that the total pay within the 12 months period isn’t up to 18,600 as required, is this an issue
5.3.10. So, under Category B, the assessment of the financial requirement is based on both:
(1) The gross annual salary or income from salaried or non-salaried employment at the
date of application. This source can be combined with Category C: non-employment
income , Category D: cash savings and Category E: pension; and
(2) The actual amount of gross income received from any salaried or non-salaried
employment in the 12 months prior to the application. This can be combined with the
actual gross income received from Category C: non-employment income and
Category E: pension over the same 12-month period. Category D: cash savings
cannot be used under (2).
6.1.6. A director or employee of a limited company in the UK who receives dividend income from
the company can count this income as non-employment income under Category C,
unless the company is of a type specified in paragraph 9(a) of Appendix FM-SE (i.e. it is
in sole or limited family ownership). If it is, this non-employment income will be
considered under Category F or Category G as appropriate: see section 6.3. of this
guidance for further information.