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Tier - 1 General Extension Ltd Company Dividends

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

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jonny7
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Posts: 1
Joined: Sun Jan 29, 2012 1:25 am

Tier - 1 General Extension Ltd Company Dividends

Post by jonny7 » Fri Oct 05, 2012 7:48 am

I am going to apply for Tier 1 extension next january.I am running IT Consulting company and i am only drawing dividends.I am not taking any salary from my ltd company.Is there any problem if I take only dividends from my company and not any salary.For the first half of the year I was in full time employement but for the last five months I am only doing my IT business.

Can anyone please clarify??I have spoken to my accountant and he said its fine to take only dividends.
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alimohmand
Member
Posts: 240
Joined: Mon Sep 08, 2008 9:56 am

Post by alimohmand » Fri Oct 05, 2012 9:51 am

Your accountant is correct there are no issues for you to claim points only on dividends as long as you acquire the required points.

All the best
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