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Meeting financial requirements as employee of husband's business

Posted: Thu Sep 12, 2019 1:28 pm
by niczukuk
Hi, I’m starting the process of applying for ILR SET (M) 5-year route.

I have two part time jobs and need to use both of them to meet the financial threshold. One is for a local company and the other is working for my husband, who owns the company. I am on payroll for both.

I’ve tried to interpret Appendix FM 1.7: Financial Requirements and I believe that even though I’m PAYE for both, I have to apply under 5.1. Category A (With current employer for 6 months or more – person residing in the UK) for my first job and Category 9. (Self-employment or Director or employee of a specified limited company) for the job in my husband’s business. And therefore have to submit all of his company and tax filing documents.

Has anyone else had experience of meeting the financial requirement by working for a family member, and is this what you did? Any tips appreciated. Thanks 😊

Re: Meeting financial requirements as employee of husband's business

Posted: Thu Sep 12, 2019 3:16 pm
by zimba
Yes however the financial year for your salaried employment must match the tax year of your self assessment

Re: Meeting financial requirements as employee of husband's business

Posted: Thu Sep 12, 2019 7:49 pm
by niczukuk
Thanks Zimba, are you able to clarify for me what you mean by this.

I have been with both companies for nearly 3 years and have payslips for all of this time.

My husband's company's financial year is 01/05-30/04. He has two years of full financial statements as well as tax returns. What do you think I need to provide?

Should I also show payslips for my other job for this period too?

Thanks so much, I really appreciate it?

Re: Meeting financial requirements as employee of husband's business

Posted: Thu Sep 12, 2019 11:47 pm
by zimba
Appendix FM is very very clear what you need to provide and do under category F. Go read that document !!
For those employed as a director or other employee (or both) of a specified limited
company in the UK, the relevant financial year(s) will be that covered by the Company
Tax Return CT600 and corresponds to the 12-month accounting year of the company.

Income under Category F or Category G can be combined with income from salaried and
non-salaried employment, non-employment income and pension income in order to
meet the financial requirement. However, unlike with other Categories, these sources of
income must fall within the relevant financial year(s) in order to be included. Under
Category F or Category G, all sources of income must fall within the financial year(s)
relied on and must still be a source of income at the time of application
. For example, to
count income from property rental the income must have been received during the
relevant financial year(s) and the property must still be owned by the relevant person at
the date of application.
https://assets.publishing.service.gov.u ... -ext_1.pdf