Tier1 Extn - Date, Amount mismatch in Payslip and Statement

I am applying for my HSMP to Tier1 extn soon.

I am an IT contractor operating under the limited company structure where I am the sole director and am the 100% shareholder.

I was told by my accountant to just transfer 70% of my invoice amount every time I was paid for the invoice by my client. As per that, I've been doing that for the past 1 year.

This means, I have not transferred the exact salary amount mentioned in my payslips and at the exact date of salary slips.

Is it necessary that the personal bank statement should show the exact amount and the date of payment as in the salary slip? Is it not okay to show the personal bank statement as a proof for the total of amounts earned as shown in salary slips + dividend vouchers.

Or in addition to the personal bank statement, if I provide a letter from accountant explaining the total earnings in details, would it fulfil the need as a second evidence (the primary evidence will be salary slips and dividend vouchers).

Thanks in advance.

mcube wrote:I am applying for my HSMP to Tier1 extn soon.

I am an IT contractor operating under the limited company structure where I am the sole director and am the 100% shareholder.

I was told by my accountant to just transfer 70% of my invoice amount every time I was paid for the invoice by my client. As per that, I've been doing that for the past 1 year.

This means, I have not transferred the exact salary amount mentioned in my payslips and at the exact date of salary slips.

Is it necessary that the personal bank statement should show the exact amount and the date of payment as in the salary slip? Is it not okay to show the personal bank statement as a proof for the total of amounts earned as shown in salary slips + dividend vouchers.

Or in addition to the personal bank statement, if I provide a letter from accountant explaining the total earnings in details, would it fulfil the need as a second evidence (the primary evidence will be salary slips and dividend vouchers).

Thanks in advance.

It is necessary to have a figures matching in your payslips+bank statement.Since you were transferring salary+dividends in a single transaction, it is better to have both shown in salary slips. The total of salary+dividend(shown in salary slip) will match your bank statement.

Make sense?

Thanks Chetan. I will certainly consider this and see if I can produce payslips accordingly.