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selfemployed applying ILR

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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anoop666
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Posts: 24
Joined: Mon Dec 06, 2010 3:31 pm

selfemployed applying ILR

Post by anoop666 » Tue Dec 07, 2010 10:12 am

Hi ,

I am eligible for ILR next year ie on December 2011. I am the IT contracter and doing billing through my limited company.

I pay myself a minimal salary and receive the majority of my earnings as dividends.

So for earning when applying for ILR next year , would there a be a problem because of the low salary(ie 15k) and thereby the P60 etc showing a very small amoung ?

What is the recommended approach to follow in these cases .

Advice and suggestions welcome

Thanks in advance!

Cheers
Anoop

Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 1:47 pm
Location: Wembley Park

Post by Sushil-ACCA » Tue Dec 07, 2010 10:53 pm

WHAT income you have declared in tax return is imporatant

if yr tax returns r above reqired limit than u r fine

if you have just showm compamy accts and not paid taxes and not included dividend income in yr personal tax return than u r in trouble

check and sort it out accoriding to yr tax file yr status
CDOKS

anoop666
Newly Registered
Posts: 24
Joined: Mon Dec 06, 2010 3:31 pm

Post by anoop666 » Wed Dec 08, 2010 12:53 pm

Thanks for getting back to me.

But, I have just seen this link
http://www.ukba.homeoffice.gov.uk/sitec ... ual-limits

under settlment it says
From April 2011:Skilled and highly skilled migrants will need to meet the salary criteria that applied when they last extended their permission to stay.


Means we still have to meet the mimimum salary requirements while applying for ILR in next year december.

Thanks,

geriatrix
Moderator
Posts: 24755
Joined: Fri Mar 17, 2006 3:30 pm
Location: does it matter?

Post by geriatrix » Wed Dec 08, 2010 1:04 pm

Which essentially means that you are asking the questions a bit too early, for others to provide you with an accurate answer!

Wait until UKBA announces the necessary details.


regards

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