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How much has he earned through paye employment excluding self employment during the last 12 months.
Category F uses income received during the last FULL financial year to meet the financial requirement. The supporting documents for this category must similarly cover the full financial year being used. In order to apply using Category F, you would also have to supply evidence of ongoing employment with that limited company at the date of application. Based on the information provided so far, it sounds like you may be better off focusing on how the financial requirement could be met from other sources of employment rather than Category F (i.e. Category A or B), which is what seagul has been getting at.Balrog wrote: ↑Sat May 02, 2020 7:00 amHi all
How is the category F financial requirement calculated?
Is it Solely based onProfit before tax ?
Or,
Is it based on salary taken by my husband as director monthly combined with dividends.
My husband’s limited company has only been operational for 6 months. So I am thinking of shortening the financial year of the company to show “one year” of taxes. In these six months his profit before tax is less than 6000 while the company has made approx 17000 in total (before expenses). But he has been drawing a salary of 1600 per month for the last six months. Does that mean they will calculate it as
1600x12 + dividend
Has anyone tried shortening the financial year of a limited company to show tax documentation for category F? And, how does the category F calculation work.
If you have earned at least £18600 during the last 12 months (excluding directorship) and similar income you have on the date of application then you may qualify under category B. Income from Directorship (self employment) won't be considered because it hasn't yet completed full financial year.
Then try category B if his employer letter/contract can confirms his wages £18600 one the date of application. Don't include/count any income derived from directorship.
You can apply until the last day of expiry and once applied in timely you will be covered by section 3C regardless of when the UKVCAS centres reopens. If you have foreign degree then may consider naric assessment as they are operating remotely.Balrog wrote: ↑Sat May 02, 2020 4:41 pmAlso, I have one more question. My BRP is valid upto June 13, 2020. When is the latest I can apply for the visa before expiration? I still don't have an A2 test although I managed to book one for May 30, 2020. The IELTS had cancelled all tests since March. So I am trying to buy more time on this.
Yes
The sponsor or applicant (where appropriate) could have been with their employer for a lifetime and still choose to meet the financial requirements using category B.
Salaried or none-salaried incomes both can be considered under category B. But if he has fixed salary and other overtime/bonuses/allowances then may fall under both (salaried & none-salaried).
It shouldn't be, if the required amount of £18,600 is met.
Appendix FM-SE states
A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
(i) the person’s employment and gross annual salary;
(ii) the length of their employment;
(iii) the period over which they have been or were paid the level of salary relied upon in the application; and
(iv) the type of employment (permanent, fixed-term contract or agency).
Topics merged. Please keep all questions on the same application in one thread (this one).
How much did you pay for the assessment?