Tier 1 General - earning computation

Hi,

I am currently working in UK under workpermit for the past 1.5 Years. My indian parent organization is paying me the entire salary in Pounds here (except a minimal amount as India contribution in Indian Rupees).

Towards calculating the points to be claimed for total earnings, i need some clarifications. My monthly UK payslip has different components as follows :

Additions : Say 3000 UK Pounds (This is stated as Gross Salary)
Deductions : Say 900 UK Pounds (which includes NI contribution, Income Tax, Health Insurance, India contribution, Advance recovery)

Net Salary is stated as Additions minus Deductions. This is the amount credited to my bank amount every month.

Taxable Salary is stated as Net Salary minus Nontaxable amount(tax exemption claimed by me every month). This is used in the P60 form.

My question to this forum is

Based on the above breakups and components, which one needs to be used by me (Gross OR Net Salary OR Taxable Salary) to claim points ?

I appreciate your quick reply.

Regards

Hi Guys,

Please reply for my question. To add to my previous post,

Neither my bank account nor the P60 form reflects the Gross salary. The bank statement reflects the Net Salary and the P60 form contains the cumulation of the Taxable monthly salary. So, how we can correlate the bank statement/P60 Form against our payslip figures ?

PLEASE REVIEW MY SALARY Components mentioned in my first post, and also my added query.

Again, thanks for the quick reply.

Regards

Hi,

I believe you need to have another hard look at the guidance notes.

To just answer your questions -
? Based on the above breakups and components, which one needs to be used by me (Gross OR Net Salary OR Taxable Salary) to claim points ?
- GROSS

Also you just need to submit your payslips and bank stmts for the period claimed. Also make sure your net salary on payslip is the amount deposited in the bank (You have said it does) . Highlight both of them. Dont bother to submit your p60.


You would find the expaination in the guidance notes, if not, contact us again.

-H

Thanks again for the reply.

Eventhough it has been mentioned in the guidance notes, i am asking the below question to the forum and to check whether it work out.

I receive monthly payslip from my employer through email with the payslip as an attachment (html file). The file contains company information,address etc.,

Do i need to send the 12 months hardcopy of these html files to the employer and get those stamped/attested ? Is it mandatory ?

The reason is, i don't want to let my employer know that i am applying for Tier 1 Visa and also i have to come out with some other reason to get this done.

Please help me to solve this predicament.

As always, i am appreciative of this forum's help

Regards

Yes you need to send hardcopies with stamp and signature (preferably on a letterhead). Make up some home loan reason. This is mandatory in case you are not sending p60.

p60 can only be sent if the p60 covers the entire period claimed. Or else it would not be considered. The safest bet is to send payslips and bank stmts.

-H

CraveforUK wrote: I receive monthly payslip from my employer through email with the payslip as an attachment (html file). The file contains company information,address etc.,
Do i need to send the 12 months hardcopy of these html files to the employer and get those stamped/attested ? Is it mandatory ?

Hi Guys,

Thanks again. Let me try my last attempt now with you people.

I have received the p60 form my employer (for 2006-07 and 2007-08 year). I came in Jan 2007. Thus the p60 of 2006-07 contains the taxable income for jan to march 07. The second p60 contains april 07 to march 08 taxable monthly salary(not gross or not net salary.

If i am applying next month, i need to plan for using the earnings of July 07 till June 08 (12 months). That means , i need to submit the 2007-08 p60 form (note that, second p60 contains April 07 to March 08 and i need only from July 07 to June 08 though).

Will the homeoffice make out the earnings of Jul 07 to June 08 from the p60 form ?

I am trying here to avoid employer's signature/attestation on the payslips if P60 route is feasible.

Sorry for this long text. Appreciate your feedback.

Regards

CraveforUK wrote:Hi Guys,

Thanks again. Let me try my last attempt now with you people.

I have received the p60 form my employer (for 2006-07 and 2007-08 year). I came in Jan 2007. Thus the p60 of 2006-07 contains the taxable income for jan to march 07. The second p60 contains april 07 to march 08 taxable monthly salary(not gross or not net salary.

If i am applying next month, i need to plan for using the earnings of July 07 till June 08 (12 months). That means , i need to submit the 2007-08 p60 form (note that, second p60 contains April 07 to March 08 and i need only from July 07 to June 08 though).

Will the homeoffice make out the earnings of Jul 07 to June 08 from the p60 form ?

I am trying here to avoid employer's signature/attestation on the payslips if P60 route is feasible.

Sorry for this long text. Appreciate your feedback.

Regards

Yes they can figure it out up to a point but you still need proof of being paid for the last 3 months because how would the HO know you are still working. They can only surmise you were working until april due to the p60

Thanks for the forum folks... I am feeling as if i am approaching a consultant and getting the queries answered (ofcourse without paying any fees).....

If it is only last three months payslip, i can manage since even for schengen visa, the embassies require last three months payslip attested and hence i can ask the employer , saying that i am applying for schengen visa to visit european countries...

But, do we require attestation for P60 hardcopy also from the employer (because i received the PDF p60 form from my employer through email) ?

Also, folks, please express your concerns if P60 form submission route is not the best way at all (inspite of my P60 form has the taxable income details for the continuous 12 months - July 07 to June 08, in my case).

Regards

CraveforUK wrote:Thanks for the forum folks... I am feeling as if i am approaching a consultant and getting the queries answered (ofcourse without paying any fees).....

If it is only last three months payslip, i can manage since even for schengen visa, the embassies require last three months payslip attested and hence i can ask the employer , saying that i am applying for schengen visa to visit european countries...

But, do we require attestation for P60 hardcopy also from the employer (because i received the PDF p60 form from my employer through email) ?

Also, folks, please express your concerns if P60 form submission route is not the best way at all (inspite of my P60 form has the taxable income details for the continuous 12 months - July 07 to June 08, in my case).

Regards

People are missing the plot. Just because the employer sends a pdf by email doesn't make it less authentic. If you can print it out on a colour printer, then there is no difference if the employer had sent it to you by royal mail.