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ILR spouse - Limited company

Posted: Wed Jan 19, 2022 11:50 am
by ganesh_22
Hello Friends,

My spouse's ILR is due in April this year; I am confused with financial requirements for self-employment. I am currently self-employed, owning an LTD company in the UK since Nov'20, and have enough £(40k+), which I have earned with permanent(20k) and self-employment(20k+). Before Nov'20, I worked as a permanent employee.

I assumed we couldn't show cash savings coming from my own limited company?

Could you please suggest any document which I missed for Cat-F?
  • A certificate of VAT registration and the VAT return for the last full financial year (Nov'20 to Nov'21)
  • A current Appointment Report from Companies House
  • Audited accounts for the last full financial year (Nov'20 to Nov'21)
  • Company Tax Return CT600 (Nov'20 to Nov'21)
  • Corporate or business bank statements (Nov'20 to Nov'21)
  • Dividend vouchers (Nov'20 to Nov'21)
  • Evidence of ongoing employment as a director of the company or of ongoing dividend income from the company(Nov'21 to till date)
  • Evidence of registration with Companies House
  • Payslip (Nov'20 to Nov'21)
  • Personal bank statement showing salary/dividends (Nov'20 to Nov'21)

Re: ILR spouse - Limited company

Posted: Wed Jan 19, 2022 1:32 pm
by kbthebear
if you have the requirement amount already in your personal bank account then that looks ok to me

Re: ILR spouse - Limited company

Posted: Wed Jan 19, 2022 1:48 pm
by TODMATT
ganesh_22 wrote:
Wed Jan 19, 2022 11:50 am
Hello Friends,

My spouse's ILR is due in April this year; I am confused with financial requirements for self-employment. I am currently self-employed, owning an LTD company in the UK since Nov'20, and have enough £(40k+), which I have earned with permanent(20k) and self-employment(20k+). Before Nov'20, I worked as a permanent employee.

I assumed we couldn't show cash savings coming from my own limited company?

Could you please suggest any document which I missed for Cat-F?
  • A certificate of VAT registration and the VAT return for the last full financial year (Nov'20 to Nov'21)
  • A current Appointment Report from Companies House
  • Audited accounts for the last full financial year (Nov'20 to Nov'21)
  • Company Tax Return CT600 (Nov'20 to Nov'21)
  • Corporate or business bank statements (Nov'20 to Nov'21)
  • Dividend vouchers (Nov'20 to Nov'21)
  • Evidence of ongoing employment as a director of the company or of ongoing dividend income from the company(Nov'21 to till date)
  • Evidence of registration with Companies House
  • Payslip (Nov'20 to Nov'21)
  • Personal bank statement showing salary/dividends (Nov'20 to Nov'21)
The list above looks good and cash savings if accumulated from ltd company over the years then it can be used under Category D assuming it is £34,600 however, a savings CANNOT be combined with ltd company income.

Re: ILR spouse - Limited company

Posted: Wed Jan 19, 2022 2:02 pm
by ganesh_22
Does that mean I can go for Cat-C instead of F? Because whatever 20k I earned from LTD company was b/w Nov20 to Nov21.

But the doc says...
Where a person is relying on dividends from a UK limited company and they are also
a director or employee of that company, to count this dividend income under
Category C evidence must be provided to show that the company is not of a type
specified in paragraph 9(a) of Appendix FM-SE, which is one in which:

• the person is either a director or employee of the company, or both, or of
another company within the same group
• shares are held (directly or indirectly) by the person, their partner or the
following family members of the person or their partner: parent, grandparent,
child, stepchild, grandchild, brother, sister, uncle, aunt, nephew, niece or first
Page 40 of 71 Published for Home Office staff on 7 December 2021
cousin; and (iii) any remaining shares are held (directly or indirectly) by fewer
than 5 other persons

Re: ILR spouse - Limited company

Posted: Wed Jan 19, 2022 5:52 pm
by TODMATT
ganesh_22 wrote:
Wed Jan 19, 2022 2:02 pm
Does that mean I can go for Cat-C instead of F? Because whatever 20k I earned from LTD company was b/w Nov20 to Nov21.

But the doc says...
Where a person is relying on dividends from a UK limited company and they are also
a director or employee of that company, to count this dividend income under
Category C evidence must be provided to show that the company is not of a type
specified in paragraph 9(a) of Appendix FM-SE, which is one in which:

• the person is either a director or employee of the company, or both, or of
another company within the same group
• shares are held (directly or indirectly) by the person, their partner or the
following family members of the person or their partner: parent, grandparent,
child, stepchild, grandchild, brother, sister, uncle, aunt, nephew, niece or first
Page 40 of 71 Published for Home Office staff on 7 December 2021
cousin; and (iii) any remaining shares are held (directly or indirectly) by fewer
than 5 other persons
Does Paragraph 9(a) applies?

Re: ILR spouse - Limited company

Posted: Wed Jan 19, 2022 9:56 pm
by ganesh_22
yes

ILR spouse - Limited company(Payslips/dividend date)

Posted: Sat Apr 30, 2022 9:52 am
by ganesh_22
I have a few queries on the payslips and dividend date. I am applying for my spouse's ILR via Cat-F; there, for two months payslip amount and the amount is withdrawn (salary+expenses) do not match. Is there any issue if I do not submit the payslips for both two months? Or is there an alternate solution for this problem?

The second one, one of the dividend declared date and withdrawn dates do not match(ex: dividend declared on 10th June, and withdrawn on 11th June). Is there any issue?

Re: ILR spouse - Limited company(Payslips/dividend date)

Posted: Sat Apr 30, 2022 9:03 pm
by ganesh_22
Pls, can anyone help to answer the above query?

Re: ILR spouse - Limited company(Payslips/dividend date)

Posted: Sun May 01, 2022 6:03 pm
by zimba
ganesh_22 wrote:
Sat Apr 30, 2022 9:52 am
I have a few queries on the payslips and dividend date. I am applying for my spouse's ILR via Cat-F; there, for two months payslip amount and the amount is withdrawn (salary+expenses) do not match. Is there any issue if I do not submit the payslips for both two months? Or is there an alternate solution for this problem?

The second one, one of the dividend declared date and withdrawn dates do not match(ex: dividend declared on 10th June, and withdrawn on 11th June). Is there any issue?
That is not a problem at all. You need to prove you earned above the threshold in your last accounting year