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director's salary

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Dasistfact
Newbie
Posts: 38
Joined: Thu Mar 14, 2013 5:14 pm

director's salary

Post by Dasistfact » Wed Jan 21, 2015 5:32 pm

Hello, would be great if you share your views.

In order to qualify for extension we need to invest 50/200 000 GBP into our companies. How do you think is it possible to invest let's say 250 000 into the company and take i.e. 30 000 out of it as a PAYE salary? Own renumeration is excluded from the investment, so it's 250(investment)-30(own renumeration that is excluded)=220.
Will these actions meet investment requirement? How do you think?

attahaas
Member
Posts: 236
Joined: Tue Jul 01, 2014 3:33 am
Location: LONDON, UK
India

Re: director's salary

Post by attahaas » Wed Jan 21, 2015 5:41 pm

Yes, it will meet the investment requirement.

As long as own remuneration doesn't dig in to 200K spent on eligible expenses, it is OK!
•12-Feb-2015: Applied online (Team), 200K, India
•13-Feb-2015: Submitted documents and biometrics
•25-Feb-2015: Received email saying that they need more time
•03-Mar-2015: Interviewed separately
•05-Mar-2105: Received docs and passport with visa stamped!

Dasistfact
Newbie
Posts: 38
Joined: Thu Mar 14, 2013 5:14 pm

Re: director's salary

Post by Dasistfact » Wed Jan 21, 2015 7:05 pm

attahaas wrote:Yes, it will meet the investment requirement.

As long as own remuneration doesn't dig in to 200K spent on eligible expenses, it is OK!
Thanks. What do you think, how do they calculate investment? Do they just add all investment installments during previous 3 years (let's say 250) and deduct ineligible expenses for the same (let's say 50 for salary) and its ok if the total amount is 200 or more? Or they use some other methods?

ishfaqsangra
- thin ice -
Posts: 866
Joined: Wed Aug 14, 2013 10:10 pm
Pakistan

Re: director's salary

Post by ishfaqsangra » Wed Jan 21, 2015 7:26 pm

Yes: Thats the method which accountant should adopt and then confirm the net investment

wings.007
Newly Registered
Posts: 29
Joined: Wed Nov 05, 2014 7:00 pm

Re: director's salary

Post by wings.007 » Thu Jan 22, 2015 11:42 am

ishfaqsangra wrote:Yes: Thats the method which accountant should adopt and then confirm the net investment
Here is a Classic example!!! Again here like your previous post, how did you said yes to the above question???? that an accountant should add the investments together and deduct illegible expenses???? do you even know what expenses count as investments?????

and Did you just Suggested that this is what an Accountant should do???? add investments and deduct non investments!!!!! where you don't even know what is classified as investment??? there is a big world of technicalities out there and expert professional advise is required on every turn!!!!! so why don't you take care of your business for which you got the VISA for and STOP ADVISING PEOPLES AND STOP WASTING THEIR TIME!!!!!

whiteroses
BANNED
Posts: 156
Joined: Sat Jul 31, 2010 9:28 pm

Re: director's salary

Post by whiteroses » Sun Jan 25, 2015 10:42 pm

ishfaqsangra wrote:Yes: Thats the method which accountant should adopt and then confirm the net investment
I don't think so.
If a business makes a profit of 20,000 and you pay yourself that 20,000, I don't think the net investment becomes 50000-20000.
HO doesn't expect you to retain all the profit in the business.

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