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thanks for the awesome information.MrQuestion wrote: ↑Sat May 22, 2021 11:14 amHello everyone. I've got a quick question/clarification on investment funds as they relate to ILR applications.
The guidance seems clear that proof of investment isn't required for ILR given that it was provided during extension:
'You do not need to provide evidence of this investment if you were awarded
points under this table in your last grant of entry clearance or leave to remain
as a Tier 1 (Entrepreneur) migrant'
If the funds won't be scrutinized again... can we repurpose those funds if required? Put more bluntly, can we take funds out of the company / repay director loans? If not, why? Do they still formulate part of the genuine entrepreneur test in some way?
Thanks for any assistance!
I'll go in contradiction to @zimba on the "must". I haven't seen any requirement in the rules to make it a "must'.MrQuestion wrote: ↑Sat May 22, 2021 11:14 amHello everyone. I've got a quick question/clarification on investment funds as they relate to ILR applications.
The guidance seems clear that proof of investment isn't required for ILR given that it was provided during extension:
'You do not need to provide evidence of this investment if you were awarded
points under this table in your last grant of entry clearance or leave to remain
as a Tier 1 (Entrepreneur) migrant'
If the funds won't be scrutinized again... can we repurpose those funds if required? Put more bluntly, can we take funds out of the company / repay director loans? If not, why? Do they still formulate part of the genuine entrepreneur test in some way?
Thanks for any assistance!
As long as you pay the national min wage you should be okMrQuestion wrote: ↑Wed Sep 01, 2021 9:50 pmHello,
We're taking on an intern position later this month. As it happens the employee is 18 years of age.
I wanted to quickly confirm that the current minimum wage of 6.56/hour for those 18-20 will count towards the job creation criteria (versus the standard 8.91). The guidance seems clear in that the wage is subject to the National Minimum Wage standards, but I wanted to check.
Many thanks.
Nothing very obvious that could cause a problemMrQuestion wrote: ↑Mon Sep 06, 2021 1:53 pmHi there. Before I ask my question, I want to quickly thank the forum contributors for their consistent assistance with my other prior questions. You've made navigating the path to ILR much easier.
My prior questions involved the kickstart scheme, updated furlough provisions, and minimum wage confirmations, however I'm hoping to quickly confirm my overall plan for good measure.
The hiring details for which I intend to apply for ILR are currently:
- Employee 1: Nov 30 2020 - Dec 5 2021 = 53 weeks (371 days) - Exceeds minimum wage requirements - Had been flexibly furloughed when required but always received 100% of their normal wage
- Employee 2: Nov 30 2020 - Jan 31 2021 = 9 weeks (63 days) - Exceeds minimum wage requirements - Had been flexibly furloughed when required but always received 100% of their normal wage
- Employee 3: May 17 2021 - Nov 17 2021 (planned) = roughly 26 weeks (184 days) - Kickstart scheme - Meets minimum wage requirements for age group 23+ (8.91/hour)
- Employee 4: Sep 13 2021 - Nov 7 2021 (planned) = 8 weeks (56 days) - Temporary intern/assistant - Meets minimum wage requirements for age group 18-20 (6.56/hour)
Between all 5 roles, 104 weeks of employment is achieved, or 730 days. If we define 365 days (or 52 weeks) as 12 months, this equates to 2 12-month roles. Minimum wage requirements are met for all 5, taking into consideration their age. One is involved in the kickstart scheme, 2 others are temporary interns/assistants to assist with an active project in Sep/Oct.
- Employee 5: Sep 13 2021 - Nov 7 2021 (planned) = 8 weeks (56 days) - Temporary intern/assistant - Meets minimum wage requirements for age group 18-20 (6.56/hour)
I'm basing all of this on:
- The revised guidance suggesting that jobs no longer need to be for 2 people for 12 months each, but rather can be made up of multiple jobs across different months as long as it equates to 2 jobs.
- Prior discussion on this forum around the likely acceptability of the kickstart scheme for use in job creation.
Anything in the above that may cause issue? Any insight, as always, is hugely appreciated.
- Prior discussion on this forum around minimum wage requirements, especially for those under 23.