Income Evidence Questions

[Natedogg]

Hi Everybody,

Firstly, thank you everyone for your contributions to this board. It is a great resource for all of us having to run the gauntlet with the BA.

My query relates to evidence for income. I work as a limited company contractor, where the company is 100% owned by me and administered through an accountant. I am paid a combination of salary and dividends From what I understand this means I fall into the salaried employment category.

For my application, I plan on summating the following evidence:

- Remittance Advice for each pay period that are signed and stamped by my accountant.

- Personal bank statements showing the payment detailed on the remittance advice arriving in my account.

- A letter from my accountant clarifying the company structure etc

Now my questions are:

1. Do my remiitance advices constitute a payslip? They show the breakdown of salary and dividends so I think so but any further guidance would be appreciated.

2. The remittance advices show a net dividend amount. However I am also making a director loan repayment of £30 in each remittance which comes from this net dividend. This is for a loan I took from the company and am slowly paying back. This means however that the actual dividend amount showing in the personal bank statement is £30 less. Is this likely to be an issue or can it be explained In the accountant letter?

3. The accounting company I use is not part of the regulating bodies noted in para. 112 of the guidance. For the purposes of this application, they act in the same capacity as a payroll department. They also say they have dealt with these applications before and it hasn't been an issue. Any thoughts or anyone with experience in a similar situation?

Thanks
Nate Dogg