FLR (M) - sole company director on payroll plus wife employee (combined income)

[wahi66]

Hello all,

Please share your experience.

I am working as director of the company since start of 2015 and my wife works as part time (student) employee in my company since end of 2015. I only get paid as an account manger employee of the company (nothing else).
Combined income goes above 20 k.

Questions:

1. do we classified as salaried persons?

2. if not what other sections in financial requirement we fall in??

3. what docs do we need to show in this catogory??

4. shall i resign as director if things are complicated? and then only payslip and P60 would be enough??


kind regards

[Dalia2017]

Hi

I am same like you searching question about which Category we fall as Director of the company.

My understanding as director you have to show far more documents such as company tax return, CT600 ,letter from accountant, you company 12 month bank st, personal bank st for the year you fail in.

Also if you combing the Income so your spouse income from (salary ) ect should fail same year as your company year.

[wahi66]

ohh so i am not the only one.

Well i am taking wages from the company as an account manager employee. the company had two directors before but now only me for banking and credit reasons. I can change the directorship to the other director if needed because i dont want to make things complicated.

So as far my understanding is that show only payslips for both of us as an employee and meet the financial requirements but just for the save side I want to clear if as directors need to show more paper work and what are they?? and if change of the directorship is the save option?? because it will take only two working days for company house to change it.
according to accounting books, Director is also a employee of the company.

[Dalia2017]

Hi,

Sure you not the only one , nothing wrong to change from director. then less paper work. good luck.

[wahi66]

okay let me know if you find any useful info.

[wahi66]

Just wondering what if I go with the Category A as salaried employee and also keep the docs as directorship in case the case worker advice us or ask the info there and then???
I can surely explain about the confusion and show the directorship docs if needed??
any harm? or it will be consider as deceitful?

[wahi66]

Hi,

Sure you not the only one , nothing wrong to change from director. then less paper work. good luck.

seems no harm but what if they found out the change of directorship and asked why you resign two weeks before application??

My accountant even said that you can sell/handover the company to another company or person with shares and directorship and still remains the employee of the company.

[Dalia2017]

Hi,
You need to be careful.

Secondly if you appoint an other person of the company 2 weeks before you still be consider shadow director so best to get all require documents under Director category F OR G.


YOU can take much documents with you but question seems to know what Case worker ask ?

[Dalia2017]

COMBINED INCOME
I forgot to mention regarding you spouse salary from employee should be in same year as your CT600.

[wahi66]

My company accounts submitted last month period ended with 31 Jan 2018. So we also need to prepare payslip for the period Jan 2017 to 2018?? If yes then in that particular period from Jan 2017-2018 our combined income was around £18200.

due to less hour rate. since april 2018 the hour rate has increased so we are qualified since april 2018.

[Neo001]

Hello all,

Please share your experience.

I am working as director of the company since start of 2015 and my wife works as part time (student) employee in my company since end of 2015. I only get paid as an account manger employee of the company (nothing else).
Combined income goes above 20 k.

Questions:

1. do we classified as salaried persons?

2. if not what other sections in financial requirement we fall in??

3. what docs do we need to show in this catogory??

4. shall i resign as director if things are complicated? and then only payslip and P60 would be enough??


kind regards

Hi, i am in the same boat as you (almost). My British citizen spouse is employed in my company (i hold 40% shares). My spouse's salary is 25k/annum. Do we need to be prepared to show additional documents e.g. tax returns etc for the company?
How was your experience? Please help.

[wahi66]

Hello
are you the director as well or just the shareholder of the company??? what about the rest of 60% shares?? is it with the other family members and relatives??

[Neo001]

HI,
i am the shareholder and director too. The rest of the 60% is held by British national who is not related to us in any way.

Thanks

[wahi66]

so what is your income source??
are you earning only from dividends?? no salary from company??

[Neo001]

so what is your income source??
are you earning only from dividends?? no salary from company??

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

Please let me know.

[wahi66]

so what is your income source??
are you earning only from dividends?? no salary from company??

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

Please let me know.

If you are the salaried director and also taking dividends then you need to submit your self employed docs addition to the company's docs listed in appendix CT600.

briefly you need:
1. your spouse's financial docs with last recent CT600
2. your company's docs according with CT600
3. your self employed docs

[wahi66]

so what is your income source??
are you earning only from dividends?? no salary from company??

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

there is no harm to go for this option which will reduce the docs size and detail but in this case he needs to work for 6 months and just for my curiosity why would somebody switch from 25k current job to the 20k offer??

as long as you have all the docs of your company why not show it.

Please let me know.

[wahi66]

so what is your income source??
are you earning only from dividends?? no salary from company??

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

there is no harm to go for this option which will reduce the docs size and detail but in this case he needs to work for 6 months and just for my curiosity why would somebody switch from 25k current job to the 20k offer??

as long as you have all the docs of your company why not show it.

Please let me know.

[Neo001]

so what is your income source??
are you earning only from dividends?? no salary from company??

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

there is no harm to go for this option which will reduce the docs size and detail but in this case he needs to work for 6 months and just for my curiosity why would somebody switch from 25k current job to the 20k offer??

as long as you have all the docs of your company why not show it.

Please let me know.

Hi
thank you for your response, i appreciate it.
I did not clarify earlier, so here is the deal:
For the previous 2 spouse visas we used my partner's salary. He was then employed by a company.
He recently lost his job, just when we need to apply for my ILR this January. So we are now in a panic mode, this is where 2 options come in: i.e. employed at my company (which risks complicating and gathering all documents) and another option of accepting job from another company (of which he will be the first employee even though the company is well established)

I hope you understand my dilemma.
I am less worried about the option 2 but i want to be absolutely sure before we go with this option.

P.S. My partner only just lost the job so in order that there is no gap in employment we must make this decision asap.


Thanks

[wahi66]

HI,
thanks for responding. My income source is salary+dividends.
My issue is that i don't want to complicate it unnecessarily if i have to submit docs. of my company CT600 etc.
My partner does have a job offer from a company with £20k/annum. The company has been around since 2013 (full, tax, accounts done every year) but my partner would be that company's first employee (can this be seen as dodgy)?
The shareholder and director of that company is not related to us in any way.

My dilemma is: should I get my partner employed in my company or get him to accept the other job (which comes with no hassle of submitting my company docs).

there is no harm to go for this option which will reduce the docs size and detail but in this case he needs to work for 6 months and just for my curiosity why would somebody switch from 25k current job to the 20k offer??

as long as you have all the docs of your company why not show it.

Please let me know.

Hi
thank you for your response, i appreciate it.
I did not clarify earlier, so here is the deal:
For the previous 2 spouse visas we used my partner's salary. He was then employed by a company.
He recently lost his job, just when we need to apply for my ILR this January. So we are now in a panic mode, this is where 2 options come in: i.e. employed at my company (which risks complicating and gathering all documents) and another option of accepting job from another company (of which he will be the first employee even though the company is well established)

I hope you understand my dilemma.
I am less worried about the option 2 but i want to be absolutely sure before we go with this option.

P.S. My partner only just lost the job so in order that there is no gap in employment we must make this decision asap.


Thanks

Ok got it. well i was you i ll go for second option. does not really matter how many employee a company has. No such rules in the financial appendix as long as company is not related to anybody in family you are fine. (family also include extended family, even cousin uncle etc)

on safe note, even if you don't have these options, you can get ILR on your income if its over 18600

[Neo001]

Hi,
that sounds great. We will go for option 2 in that case.

I am not using my earnings because that would require accumulating tons of documents and dont want to complicate the process.

Thank You

[wahi66]

you welcome dear

[wahi66]

Hello all

Application is almost completed and docs have been prepared according to the appendix guidelines but just then i found out that during the CT600 (Jan17 to JAN18) period our combined income is £18100.00 and company also made 4K profit which did not drew from company's account as dividends.
since the per hour rate increased in this April 2018 our income gone above £18600.00 threshold.

Question is which income home office will take into consideration?? is it CT600 period or last six month income??

[wahi66]

Hello Gurus and moderators

is there any info regarding the above question available or anyone have experience under such case?

Please need help as the appointment is in couple of days.

thanks

[wahi66]

Hello everyone

the application was successful and it was way simpler then what is in describe in the appendix regarding financial requirements of the company directors.

I was lucky to have little chat with the officer and he made few things very clear how they see things in this category.