Self employed and non salary income
Posted: Fri Apr 23, 2021 11:07 pm
I will apply my ILR next month with combination of income of self employed(sole trade) and non salary income.
My self employed income after all expenses is 7500 for
April 2020 to April 2021
I start work with a company as a employed last year April 2020 as a part time my total income shows on p60 is 11460 and still employed with them
My question is my pay slips amount is different for every month .did they calculate my income from last 6 month pay slips gross income or they will add income from my p60.i am confused because of this method mention in appendix
Where the person is in non-salaried employment – the level of gross annual
employment income relied upon in the application will be the annual equivalent of the
person’s average gross monthly income from non-salaried employment in the 6
months prior to the date of application.
To calculate this annualised average for non-salaried employment in Category A the
following calculation should be used:
(Total gross income from employment held throughout the 6-month period, divided
by 6) multiplied by 12 = Income from non-salaried employment that can be counted towards the financial requirement.
Can someone advise if they use this calculation then my last 6 months pay are very less even one month I only earned 330.
My self employed income after all expenses is 7500 for
April 2020 to April 2021
I start work with a company as a employed last year April 2020 as a part time my total income shows on p60 is 11460 and still employed with them
My question is my pay slips amount is different for every month .did they calculate my income from last 6 month pay slips gross income or they will add income from my p60.i am confused because of this method mention in appendix
Where the person is in non-salaried employment – the level of gross annual
employment income relied upon in the application will be the annual equivalent of the
person’s average gross monthly income from non-salaried employment in the 6
months prior to the date of application.
To calculate this annualised average for non-salaried employment in Category A the
following calculation should be used:
(Total gross income from employment held throughout the 6-month period, divided
by 6) multiplied by 12 = Income from non-salaried employment that can be counted towards the financial requirement.
Can someone advise if they use this calculation then my last 6 months pay are very less even one month I only earned 330.