General UK immigration & work permits; don't post job search or family related topics!
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goldfish
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by goldfish » Thu Sep 13, 2007 2:22 pm
I'm looking at an arrangement where my salary package would include some PAYE salary and some interest-free loan. Tax would be paid on the loan as a "benefit in kind". I'm not sure what implications this would have if I needed to get an HSMP extension or if the ILR rules were changed to require a minimum salary to be proved.
Has anyone in this situation applied for their HSMP or an extension?
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VictoriaS
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by VictoriaS » Thu Sep 13, 2007 2:56 pm
A loan is not salary, I don't think you would be able to count that when assessing salary for HSMP.
Victoria
Going..going...gone!
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pantaiema
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by pantaiema » Thu Sep 13, 2007 7:39 pm
Unless there was a miracle, I am pretty sure U will be rejected if U include loan as part of earning, and I believe U already know about this.
goldfish wrote:I'm looking at an arrangement where my salary package would include some PAYE salary and some interest-free loan. Tax would be paid on the loan as a "benefit in kind". I'm not sure what implications this would have if I needed to get an HSMP extension or if the ILR rules were changed to require a minimum salary to be proved.
Has anyone in this situation applied for their HSMP or an extension?
Pantaiema
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SYH
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by SYH » Thu Sep 13, 2007 7:45 pm
goldfish wrote:I'm looking at an arrangement where my salary package would include some PAYE salary and some interest-free loan. Tax would be paid on the loan as a "benefit in kind". I'm not sure what implications this would have if I needed to get an HSMP extension or if the ILR rules were changed to require a minimum salary to be proved.
Has anyone in this situation applied for their HSMP or an extension?
why?
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hsmp.paul
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by hsmp.paul » Thu Sep 13, 2007 9:39 pm
I have been on this arrangement since arriving in the UK some six months ago. What I have read in a number of threads is that your original contract stating your salary/daily rate/etc will be used in these situations, which makes a lot of sense!
It would be good to get feedback from others in a similar situation who have actually applied for an extension with their particular Visa cayegory. Anyone?
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SYH
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by SYH » Thu Sep 13, 2007 9:43 pm
hsmp.paul wrote:I have been on this arrangement since arriving in the UK some six months ago. What I have read in a number of threads is that your original contract stating your salary/daily rate/etc will be used in these situations, which makes a lot of sense!
It would be good to get feedback from others in a similar situation who have actually applied for an extension with their particular Visa cayegory. Anyone?
I am talking about the loan
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goldfish
- Member of Standing
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by goldfish » Fri Sep 14, 2007 8:17 am
pantaiema wrote:Unless there was a miracle, I am pretty sure U will be rejected if U include loan as part of earning, and I believe U already know about this.
Umm, no I don't already know about this and did a search before posting the question. If there's another thread, can you direct me to it please?
