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Which means you can show your contribution of the salary sacrifice as earnings but you can not show the Employer's Contribution (ex. in case of Pension - salary sacrifice);Unearned sources of income that we 122. will not consider as previous earnings include:
expenses (such as accommodation, • schooling or car allowances) that reimburse the applicant for money he/she has previously spent;
dividends, unless paid by a company in • which the applicant is active in the day-to-day management, or unless the applicant receives the dividend as part or all of his/her remuneration package;
income from property rental, unless this
• forms part of the applicant’s business;
interest on savings and investments;
• funds that were inherited;
• Tier 1 (General) Policy Guidance page 23 of 44
money paid to the applicant as a pension;
• expenses where the payment reimburses • the applicant for money he/she has previously spent;
tvn_ramesh wrote:You will find the facts in the Tier1 (G) PBS - Policy GUIDANCE page 22 of 44 Paragraph 122.
Which means you can show your contribution of the salary sacrifice as earnings but you can not show the Employer's Contribution (ex. in case of Pension - salary sacrifice);Unearned sources of income that we 122. will not consider as previous earnings include:
expenses (such as accommodation, • schooling or car allowances) that reimburse the applicant for money he/she has previously spent;
dividends, unless paid by a company in • which the applicant is active in the day-to-day management, or unless the applicant receives the dividend as part or all of his/her remuneration package;
income from property rental, unless this
• forms part of the applicant’s business;
interest on savings and investments;
• funds that were inherited;
• Tier 1 (General) Policy Guidance page 23 of 44
money paid to the applicant as a pension;
• expenses where the payment reimburses • the applicant for money he/she has previously spent;
hope this helps
tvn_ramesh wrote:You will find the facts in the Tier1 (G) PBS - Policy GUIDANCE page 22 of 44 Paragraph 122.
Which means you can show your contribution of the salary sacrifice as earnings but you can not show the Employer's Contribution (ex. in case of Pension - salary sacrifice);Unearned sources of income that we 122. will not consider as previous earnings include:
expenses (such as accommodation, • schooling or car allowances) that reimburse the applicant for money he/she has previously spent;
dividends, unless paid by a company in • which the applicant is active in the day-to-day management, or unless the applicant receives the dividend as part or all of his/her remuneration package;
income from property rental, unless this
• forms part of the applicant’s business;
interest on savings and investments;
funds that were inherited;
• Tier 1 (General) Policy Guidance page 23 of 44
money paid to the applicant as a pension;
• expenses where the payment reimburses • the applicant for money he/she has previously spent;
hope this helps
What are childcare vouchers?TTOE wrote:For the purpose of previous earnings-Is it correct to assume your gross earnings (Pre tax) before Childcare Vouchers (Salary Sacrifice) i.e Is it right to say Cash salary +Salary Sacrifice= Gross earnings for claiming point?
Please note that Salary sacrifice is when you decide to give up part of your earned income in exchange for e.g Childcare Vouchers, cycle to work, Pension contribution,giving to charity etc.
Please respond with facts and not personal assumptions
Thanks
