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Tier 1 gen - 2nd extn.

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

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Tier1extn001
Junior Member
Posts: 73
Joined: Tue Jan 31, 2012 12:04 pm

Tier 1 gen - 2nd extn.

Post by Tier1extn001 » Sun Sep 02, 2012 12:20 pm

Hello all,

I am currently working as a contractor thru. my LTD. company and earning on a per day basis.Very new to this sort of employment as I got my 1st renewal thru a full time job where i could show my salary slip etc. and without any hassles of having an accountant etc.

Can anyone guide me what all docs I should maintain now on so that I have everything in place before I go for ext sometime next year, the overall earning points will be the gross income that my company makes or will it be the salary & div that I would take out of the overall income from the company?

Thanks
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tier1_aspirant123
Member
Posts: 148
Joined: Tue May 18, 2010 7:41 pm
Location: london

Post by tier1_aspirant123 » Sun Sep 02, 2012 4:05 pm

please refer to policy document for complete list for document that you will need:
http://www.ukba.homeoffice.gov.uk/sitec ... idance.pdf

about your question on income you will have to use dividend and salary that your company will pay you...
Tier1 Aspirant
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Tier1extn001
Junior Member
Posts: 73
Joined: Tue Jan 31, 2012 12:04 pm

Post by Tier1extn001 » Sun Sep 02, 2012 5:10 pm

thanks for your reply.So I think for a visa applicant it is wise to work as PAYE or thru an umbrella company where you can claim on the overall that is being paid to you by the client - i.e perday rate* # of working days rather than Ltd. as one cannot show the overall turnover that a company makes thru oneself.Any advice or suggestion? thanks
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gaurav76.5
Member of Standing
Posts: 422
Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Mon Sep 03, 2012 11:46 am

its upto you whichever way you want to go..most of people use Limited Company as it saves you lot of tax...
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Tier1extn001
Junior Member
Posts: 73
Joined: Tue Jan 31, 2012 12:04 pm

Post by Tier1extn001 » Mon Sep 03, 2012 12:02 pm

I know it saves lot in tax - but is there a way we can show we show al of what we earn from the client as a gross to earn points in the earning table? thanks
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gaurav76.5
Member of Standing
Posts: 422
Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Mon Sep 03, 2012 12:28 pm

not sure if anyone wants to do that...
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Tier1extn001
Junior Member
Posts: 73
Joined: Tue Jan 31, 2012 12:04 pm

Post by Tier1extn001 » Tue Sep 04, 2012 9:38 pm

Instead of paying oneself salary and dividend on a monthly basis, is it possible to pay to personal saving account in one lumpsum after paying tax and ni in one fiscal year? Could there be any issues in doing so wrt to visa application?
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gaurav76.5
Member of Standing
Posts: 422
Joined: Thu Jul 21, 2011 12:21 pm

Post by gaurav76.5 » Wed Sep 05, 2012 9:37 am

its not advisable to do that....as UKBA will treat this with suspicion
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