Financial requirements - Car benefit

[jamesa380]

Hi all,

I will soon be applying for the extension of my wife's UK spouse visa and I'm just getting the documentation ready for my proof of meeting up an financial requirement. if I have a total annual salary of £24,500 but a company car benefit to the value of around £7,000 is this a problem? this does not mean that £7,000 is reduced from my salary it simply means I pay a slightly higher tax bracket per month and my gross salary is still £24500.

Thanks in advance,
James

[seagul]

but a company car benefit to the value of around £7,000 is this a problem? this does not mean that £7,000 is reduced from my salary it simply means I pay a slightly higher tax bracket per month and my gross salary is still £24500.

What kind of this car benefit which increase your tax deductions? Have they given you car to drive for official purpose or you taken a car loan (financing) from them?

[jamesa380]

It is a company leased car that I can drive in my personal time also. I have not paid any money towards or it leased it myself. But as it's a benefit it has an affect on my tax code. Gloss salary is still well over £18,600

[seagul]

Gloss salary is still well over £18,600

Then simply attach the 6 months of payslips with bank statements with employer letter.

[bathanza]

Your letter of employment will clear that up for you.

That letter should state your exact salary and payslips and bank statements to support it. As long as 6 months worth do add up to the required income you won't have a problem.

[KristianDLloyd]

Hi all,

I will soon be applying for the extension of my wife's UK spouse visa and I'm just getting the documentation ready for my proof of meeting up an financial requirement. if I have a total annual salary of £24,500 but a company car benefit to the value of around £7,000 is this a problem? this does not mean that £7,000 is reduced from my salary it simply means I pay a slightly higher tax bracket per month and my gross salary is still £24500.

Thanks in advance,
James

This does not alter your gross income and so there should be no issue. UKVI looks at your gross income, not nett.

Benefits-in-kind are accounted for through an adjusted tax code, not by adjusting your gross pay.

[jamesa380]

Thank you very much