Home and Finance - SET(M)

[saf1973]

Hi,

This section seems to be a popular area of concern, here's my problem...

My wife is due for her SET(M) appointment (PEO) at the end of November.

I have been a Company Director since 2001
My wife is self employed since 2012.

Neither of us have wage slips, i pay myself from dividends, my wife gets ad-hoc cash and pays the standard class 2 NICs for self employed. I have put that i take £3500 per month and my wife £600 per month, some of that can be seen in bank transfers but my dividends are very random across the year so not obvious to see on statements.

We both submit HMRC Returns online (no paper copies), we can download them from HMRC but i'm not sure how acceptable that is?

I also have my own company accounts, which shows shareholder funds (i'm sole share holder) of £160000. As Director i sign these accounts and they don't need to be audited, so they are just on plain paper and sent to HMRC each year. So what i'm saying is that are these acceptable? Anyone could create these returns and accounts and pretend they are real.

I can show from the mortgage statement that there is £130000 equity in the property (in my name only). Will that be taken as having means without having payslips etc?

The fact that we don't claim any benefits/allowances must indicate that we haven't needed to and wont need to in the future unless there is a drastic event (god forbid).

any thoughts?

[Amber]

They will not be overly concerned so long as you show corresponding bank statements and have proof that the company exists.

[vinny]

Hi,

We are struggling to understand the KOL requirement for our case. We have booked our settlement appointment for later this month but as yet my wife has not passed the Life in the UK test.

I just spotted this on UKBA -
Exemption for certain immigration categories

You will not have to meet the KOL requirement if you are applying for settlement as:
parents, grandparents and other dependent relatives, of people present and settled in the UK, (applying under paragraph 317 of the Immigration Rules.

We have an 18month old baby, British born with British passport.

does our baby make my wife exempt from the KOL?

[vinny]

Unfortunately, no. Your wife is applying as your spouse, not under paragraph 317.

Extend, if she does not satisfy KOL.