Financial Requirement Calculations

[ShaliSelva]

Hi everyone,

My partner and I are applying for FLR(M) as unmarried partners really soon.

We have a few queries.

1. My partner, George, receives 13 paychecks a year, not 12 (he gets paid every 28 days). As such, we've calculated every paycheck from Sep 14 - Aug 15, which amounts to a pre-tax annual salary of £7462.16. Is this acceptable? If no, how would they approximate his wage from 6 payslips?

2. I have 6 paychecks from my present company. They amount to a pre-tax salary of £3084.51 for 6 months. Would this be sufficient to approximate a year's wages at £6169.02? My first paycheck with this company coincides with my last paycheck with my old employer (i.e. I have two paychecks for April). How would this be calculated? The first paycheck from my current employer is only £120 but the last paycheck from my previous employer is £430.48 (so, in April, I earned 550.48).

3. I trained in Caffe Nero for a week in September but subsequently left for a grad job. I have a payslip and a letter from them. The total wage from that is £229.40, pre-tax - how would this be added?

4. Lastly, my invoices from freelancing amount to £4456.

MY TOTAL INCOME for 6 months, including my last paycheck from the old employer and the one week at nero, amounts to: £7488.78

Would my calculations below be correct?

7462.16 + 7488.78 + 4456 = £19,406.94

I'm thoroughly confused. Should I do the same thing my partner did and calculate the exact amount I earned for a year instead?

Any advice would be MUCH appreciated! Thank you

[Casa]

Of your £4456 income from freelancing, what was the amount you paid tax on? i.e after deductible business expenses? Are you registered as self-employed and if so, do you have a self-assessment tax return?

[ShaliSelva]

Hi,

I was a FT Masters student until August so I haven't started paying any tax yet. I work through Peopleperhour.com

[Casa]

I don't believe the Case Worker will accept invoices as proof of income without HMRC verification. 12 months of evidence is required for self-employment with accounts. Have you registered with HMRC as self-employed?

[ShaliSelva]

No, I haven't. The site provides invoices and corresponding amounts are deposited into my account via WorldPay. What do you think?

[Casa]

How long have you been invoicing for your freelance work?

[ShaliSelva]

11 months, 12 months on October 9th.

[Casa]

11 months, 12 months on October 9th.

Then you're already into your second tax year and need to register with HMRC before the 5th October to avoid a penalty.
As far as including your self-employed earnings at present you are unable to meet the following mandatory conditions: (from the Immigration Rules)
9.3.1. For those self-employed as a sole trader, as a partner or in a franchise, the relevant financial year(s) will be that covered by the self-assessment tax return and in the UK this runs from 6 April to 5 April the following year
AND
9.3.3. The evidence submitted must cover the relevant financial year(s) most recently ended. A self-assessment tax return may include provisional figures, where the return explains why this is so and how the figures were arrived at, and in which case a covering letter explaining this and how any provisional figures tie in with other material submitted, e.g. audited or unaudited accounts, may be helpful. This means that a sponsor wishing to
rely on earnings from self-employment as a sole trader, as a partner or in a franchise will need to arrange to file their self assessment tax return to HMRC on a timescale geared to meeting this requirement of the Immigration Rules rather than the deadline set for UK tax purposes.