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Minimum Salary requirement: Bonus vs Basic Salary
Posted: Fri May 03, 2013 1:56 pm
by raykau
Hello Everyone
I am not sure whether this has been responded to before but would like this to confirmed.
The minimum salary requirement, does it allow Bonuses to be included as well. If my basic salary is just a little less (~500 pounds) than what is mentioned on the SOC but adding bonuses it goes higher is it fine? My last p60 shows my yearly salary higher than the minimum requirement but if my monthly salary (apart from the yearly bonus) X 12 is a little less - should it be fine or will I need a raise?
Please advice?
Many Thanks
Posted: Sun May 05, 2013 11:21 am
by raykau
Can anybody advice on this please??
Thanks
Posted: Sun May 05, 2013 2:29 pm
by tanvirni
raykau wrote:Can anybody advice on this please??
Thanks
You need show your recent salary sleep and your bank statement (dated less then one calender month) to prove that you earning same or more than what required.
People provide P60s to show they were economically active.
Bonus will not count towards your salary requirements.
So, you need to provide at least one payslip which shows that you are met the earnings.
You are fine mate
Posted: Sun May 05, 2013 5:30 pm
by verri
tanvirni wrote:raykau wrote:Can anybody advice on this please??
Thanks
You need show your recent salary sleep and your bank statement (dated less then one calender month) to prove that you earning same or more than what required.
People provide P60s to show they were economically active.
Bonus will not count towards your salary requirements.
So, you need to provide at least one payslip which shows that you are met the earnings.
Bonus / Dividends all will count as earnings. You are fine.
Posted: Sun May 05, 2013 7:12 pm
by superfox
bonus can be included as well. I included my bonus when applying for Tier -1 extension and ILR.
Re: You are fine mate
Posted: Sun May 05, 2013 9:40 pm
by tanvirni
verri wrote:tanvirni wrote:raykau wrote:Can anybody advice on this please??
Thanks
You need show your recent salary sleep and your bank statement (dated less then one calender month) to prove that you earning same or more than what required.
People provide P60s to show they were economically active.
Bonus will not count towards your salary requirements.
So, you need to provide at least one payslip which shows that you are met the earnings.
Bonus / Dividends all will count as earnings. You are fine.
Can Tier 2 show bonus as income?
Posted: Tue May 07, 2013 2:32 pm
by raykau
Can Old Work Permit show bonus as part of the minimum income requirement?
please inf someone can advise on this
thanks
Posted: Tue May 07, 2013 4:15 pm
by tanvirni
raykau wrote:Can Old Work Permit show bonus as part of the minimum income requirement?
please inf someone can advise on this
thanks
May be not. Read point 49 and 78 from Tier 2 guidance will give you the idea.
http://www.ukba.homeoffice.gov.uk/sitec ... idance.pdf
superforx and verri can verify this for us.