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important!!!!

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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MYA
Member
Posts: 146
Joined: Sun Sep 29, 2013 4:20 pm

important!!!!

Post by MYA » Thu Nov 14, 2013 8:50 am

Iam going to start the journey towards my extension and i want to know that the salary i will pay to my 2 fulltime employees is off course revenue expenditure but is it counts investment in my business :?:
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Olasunkanmi
Diamond Member
Posts: 1324
Joined: Sat Aug 17, 2013 11:28 pm
Location: London, UK.

Re: important!!!!

Post by Olasunkanmi » Thu Nov 14, 2013 6:47 pm

@ MYA, yes, your employees salary will also count towards your investment and you can pay the rate being paid for workers in the same sector as your business.
The key to success is knowledge and hardwork, and to have faith.
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rahulsingh1
Member
Posts: 221
Joined: Sun Jan 06, 2013 5:32 pm

Post by rahulsingh1 » Fri Nov 15, 2013 11:02 am

yes you can pay the rate in your sector.

But there is nothing wrong with just paying anything above or equalto the minimum wage which is 6.31/ hr at the moment.
So the salary should be:

6.31 x 30hrs/week x 52 weeks/years = 9844/ year = 820/ month


The above is the minimum you should pay.
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