Tier1(General) Extension - Permanent Employee + Sole Trader

[Immanuel 2010]

Since my Previous Earnings (my current salary is £30K / Annum) fall short for extension which is due on Oct 2012,

I am planning to setup a Sole Trader registered company.
Finally during extension I would project my Permanent Salary and the details of the Sole Trader transaction and Income.

I normally receive my salary in my Savings account and the freelancing income (Software development) to my other current account.

[b]MY QUESTION:[/b]

1. What are all the documents that I need to present to prove that I am a Sole trader and have an acceptable income? I would appreciate if you put down the names of the documents

ANS:


2. Can a Permanent employee provide details of Sole Trading company along with the former employment. any documents to remember.


ANS:


3. Please share your Good and Bad experience when applying extension as Sole trader?

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4. Should I take payment from the trading company or dividends should be fine.
ANS:


5. Please share your ideas, correct me if I am wrong and provide me your suggestions.
ANS:


I have seen that list of documents in the policy guidance, however this topic for those who want to share their knowledge.

Thanks
Immanuel

[Immanuel 2010]

Hi, Isn't any body there, who is not interested.

Dear Moderators, I would be glad if you would kindly put in your suggestions.

Cheers