UK TIER1 EXTENSTION - salary in cash & abroad earning

[mumbai_commando]

Dear All,

This happens to be my 1st post. Hope I get response and guidance from you all.

This post would be a bit lengthy as I want to explain the situation I am in.

Currently on Tier 1 visa expiring on Jan/2013. So i have around 17-18 months to plan.

Based on points calculator I need above 26k for extension.
Currently I am working but the situation is:

I am paid on hourly basis so roughly its around 16k+ GBP annually.
I do get proper payslip with tax & NI deduction mentioned. This happens to be a Ltd. company in Scotland.
I get paid in cash every week along with the payslip for that week.
I did get my P60 this april. So will it be fine if I manually deposit cash in my bank account on monthly basis.

Now, I dont know if i would get opportunity with over 26k soon.

So now I am thinking of preparing a backup source of earning.

Firstly, based on my contacts in India, I am thinking of doing some consultancy based work from UK so I get paid in my Indian bank account.

So if I earn in INR (around 10-12lakhs) will I be able to show that earning. Ofcourse this earning will be proper with documents and tax deducted in India. I dont think uplift ratio is needed here. Will this earning attract tax here in UK as well, if I tranfer that amount to my UK bank account. Else I can just show Indian bank account statement as I would not need this money here.

Secondly or is it better if I start a company here and show earning in UK as self-employed alongwith current employed.

How would this situation to looked at by VISA officers.

Please throw some light on this...

Thanks in advance.

[Sushil-ACCA]

Dear All,

This happens to be my 1st post. Hope I get response and guidance from you all.

This post would be a bit lengthy as I want to explain the situation I am in.

Currently on Tier 1 visa expiring on Jan/2013. So i have around 17-18 months to plan.

Based on points calculator I need above 26k for extension.
Currently I am working but the situation is:

I am paid on hourly basis so roughly its around 16k+ GBP annually.
I do get proper payslip with tax & NI deduction mentioned. This happens to be a Ltd. company in Scotland.
I get paid in cash every week along with the payslip for that week.
I did get my P60 this april. So will it be fine if I manually deposit cash in my bank account on monthly basis.

CASH RECEIPTS OF salary may be issue and cause for investigation , if proved than u will be OK

Now, I dont know if i would get opportunity with over 26k soon.

So now I am thinking of preparing a backup source of earning.

Firstly, based on my contacts in India, I am thinking of doing some consultancy based work from UK so I get paid in my Indian bank account.

So if I earn in INR (around 10-12lakhs) will I be able to show that earning.

YES this will be ok to earn any part of world

Ofcourse this earning will be proper with documents and tax deducted in India. I dont think uplift ratio is needed here. Will this earning attract tax here in UK as well


u have to pay higher rate of tax either here or abroad and to show all tax payment recpts to get relife from double taxation

, if I tranfer that amount to my UK bank account. Else I can just show Indian bank account statement as I would not need this money here.

Secondly or is it better if I start a company here and show earning in UK as self-employed alongwith current employed.

How would this situation to looked at by VISA officers.



Please throw some light on this...

Thanks in advance.

if proper documention done than u will be OK