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Past earnings under new HSMP rules?

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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zhassan
Junior Member
Posts: 85
Joined: Tue Dec 31, 2002 1:01 am
Location: Melbourne (Australia)

Past earnings under new HSMP rules?

Post by zhassan » Thu Nov 23, 2006 10:19 am

Hi all,

I have a question regarding past 12 months earnings.I am AUS citizen and currently earning

a) AU$ 65K base salary.
b) 14%(AU$ 9100) super (old age benefit) of base from employer.Will it contribute towards my income? It is clearly mentioned in my employent contract, that employer will pay 14% as super
c) I have invested overseas in a business, which is not related to my profession, but I am earning about AU$ 25K/annum. Can it add up towards my earnings as well?I have sufficient supporting documents for this investment, like contract with my partener and bank statements,etc.

Can someone please advise me if there could be any issue regarding my earnings claims?

Any guidelines are highly appreciated please.

Zia :roll:
Last edited by zhassan on Fri Nov 24, 2006 5:01 am, edited 1 time in total.
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zhassan
Junior Member
Posts: 85
Joined: Tue Dec 31, 2002 1:01 am
Location: Melbourne (Australia)

Post by zhassan » Fri Nov 24, 2006 5:00 am

Would someone like to answer this question please.
ZIA
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bergdorf
Newbie
Posts: 33
Joined: Sat Jan 21, 2006 12:14 pm
Location: Fabulous London

Post by bergdorf » Fri Nov 24, 2006 8:12 pm

I doubt your investment income will be included - unless you have hands on / day to day involvement with the running of the business. It's similar to having shares in a company - the dividends of which are not treated as 'earned' income - pg 23, Annex C, point 29 from the Current HSMP Guidelines.
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paramjit2k
Senior Member
Posts: 627
Joined: Mon Oct 02, 2006 3:38 am
Location: EARTH (:)

hi

Post by paramjit2k » Sat Nov 25, 2006 3:16 am

ur earning from the personal investment is not included...Salary earned from the companies ..it can be from more then one company...
Regards,

Pam Aujla
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zhassan
Junior Member
Posts: 85
Joined: Tue Dec 31, 2002 1:01 am
Location: Melbourne (Australia)

Post by zhassan » Sun Nov 26, 2006 12:02 pm

I am also involved in the business decision making mechanism to some extent, will it make any effect. I haven't looked into current HSMP guidelines in detail so far.

ZIA
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zhassan
Junior Member
Posts: 85
Joined: Tue Dec 31, 2002 1:01 am
Location: Melbourne (Australia)

Post by zhassan » Mon Nov 27, 2006 11:19 am

What about my super(old age benefit?)? I am expecting that it would be able to add this to my earnings, is it correct?

Please advise.
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