Employees Paid Annually/ No Hourly rate on Payslip

[Shaaz2029]

Dear senior members and gurus,

Question 1
There’s a column in Applocation from , where we put per hour rate for the staff.

What should we put there if there’s no hourly rate mentioned on the payslip due to the fact , the employees are working on per annum salary of £33,000 and £26,000.

Question 2
Can the money transferred from Personal Saving account to company business account be successfuly considered as director loan ?

Question 3

Only personal saving account number is appearing on business bank statement .
What can we write on cover letter So it can be made easy for the case worker ?

Question 4
Can the breakdown of money (investment) spend for business purposes strengthens a case ?

Many thanks

[marcnath]

Dear senior members and gurus,

Question 1
There’s a column in Applocation from , where we put per hour rate for the staff.

What should we put there if there’s no hourly rate mentioned on the payslip due to the fact , the employees are working on per annum salary of £33,000 and £26,000.

You would enter a calculated hourly rate.
This site can help - https://www.thesalarycalculator.co.uk/

Question 2
Can the money transferred from Personal Saving account to company business account be successfuly considered as director loan ?

Not very clear what that means.
A director loan is whatever is shown in the company accounts as a director loan.
UKVI needs a couple of more pieces of evidence:
- Director loan agreement
- Business bank statements that shows the transfer of funds in your name

Question 3

Only personal saving account number is appearing on business bank statement .
What can we write on cover letter So it can be made easy for the case worker ?

Include the corresponding personal bank statements that shows that the account number is your personal account.

Question 4
Can the breakdown of money (investment) spend for business purposes strengthens a case ?

Many thanks

It might help with the genuineness test

[Shaaz2029]

Thanks for clarifying points .
In Q2 I meant . The transfer does not show my name on the business bank statement , instead it shows my account number. In this case can this transfer successfully be considered as director loan ?
I hope it’s more clearer now . Please advice .
Many thanks

[marcnath]

Thanks for clarifying points .
In Q2 I meant . The transfer does not show my name on the business bank statement , instead it shows my account number. In this case can this transfer successfully be considered as director loan ?
I hope it’s more clearer now . Please advice .
Many thanks

Your Q3 then addresses the issue.
The requirement is that the transactions be identifiable as coming from you. While name is the best way of identifying, it is not the only way. Account number will also work as long as you show that account number is your personal account number.

[Shaaz2029]

Many thanks Marcnath. It’s a great help

[yunas]

Dear senior members and gurus,

Question 1
There’s a column in Applocation from , where we put per hour rate for the staff.

What should we put there if there’s no hourly rate mentioned on the payslip due to the fact , the employees are working on per annum salary of £33,000 and £26,000.

Question 2
Can the money transferred from Personal Saving account to company business account be successfuly considered as director loan ?

Question 3

Only personal saving account number is appearing on business bank statement .
What can we write on cover letter So it can be made easy for the case worker ?

Question 4
Can the breakdown of money (investment) spend for business purposes strengthens a case ?

Many thanks

Answer 1:
I had same issue when applied but I will double check what did I put there and let you know as it worked well for me.

Answer 2:
From any personal to business Account is fine, I would suggest providing them any evidence from where the money came into that specific savings account. Then provide them only those pages where money transfer reflected within your accounts.

Answer 3:
I wrote one excel sheet for both accounts, mentioned business bank statement page number in personal account column when money left the account and then one sheet for business Account and attached these sheets before bank statements.

No cover letter provided.

Answer 4:
I don’t think so it matters as the bank statement flow will speak everything, the flow of business and progress. Though provide them only those years bank statement where you have less mistakes and more flow. And last year is must.

Regards,