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Salary - dividends for ILR

Posted: Tue Mar 27, 2012 8:16 am
by harry7476
Hi,

I need to know if the Salary as per ILR requirements can consist of salary+dividends for contractors working as private ltd companies.

I am planning on taking 8k as salary and rest as dividends for the year. Will this still be considered as having sufficient income?

Any help is much appreciated.

Regards,

Posted: Tue Mar 27, 2012 8:54 am
by MyHSMPApplication
Yes. Shouldn't be an issue as long as you can support it with corresponding documents; i.e. Salary slips, bankstatements, dividend vouchers also letter from accountant stating the breakup.
In this regard I would also suggest you provide company bank statements showing the transactions.

KR
PG