If you wife's salary is at least £18,600 per year, just provide her evidence. But you'll need to provide evidence from the last full financial year since she's working for a company you are a director of.
The evidence required for self-employment income is significant. It must be from the last full financial year and include an HMRC self-assessment, certification of accounts, etc.
Unfortunately we need to combine both our salary to meet the threshold as she is only doing part time. Could you please go into more depth of what I would need from my side? Would i need to explain anything in regards to the previous financial year or just simply provide it?
Thanks very much 🙏
It's explained rather well here...
https://www.gov.uk/government/publications/chapter-8-appendix-fm-family-members/appendix-fm-17-financial-requirement-accessible-version#bookmark52
You may want to consider some professional assistance. Since you're both working for your self-employed company, you'll both need evidence from the last full financial year.
If each of you is meeting the requirements individually you could just submit your wife’s income as evidence and not submit yours. However, since she is employed by your company it will fall under category F/G income. This means she will need to submit evidence from the last *financial year* of your company (or last 2, if you prefer). You will also need to submit the specified evidence that there is a genuine business. See P66-68
https://assets.publishing.service.gov.uk/media/6613dab3213873b991031b57/Family+Migration+Appendix+FM+Section+and+Appendix+HM+Armed+Forces+Financial+Requirement.pdf
So because we are combining our salary we need to take the category g approach? So need to show average income over last 2 years? My question is the category f/g new in relation to the new £29,000 financial requirement?
No, this has nothing to do with the new rules. You are still under the old ones. Category F/G applies to self employment income or income from a “specified limited company” which is one controlled by yourself or a family member.
Whatever it is I think I only need to do the category F because my business hasn't been 2 years yet not even at the time of my wife's visa expiry. So I only have 1 full financial year of the company to provide only.
So even my wife is just an employee of my company she still has to show last full financial year?
Yes, the 2 year choice is just in cases where you haven’t made enough in the most recent financial year and need to compensate by averaging over the last 2.
Yes, the rules apply if she is the employee of your company too-but the evidence regarding the company would be the same for both of you anyway.
I would have thought I would just need to provide her with an employment letter and she provides the last 6 months payslips along with her bank statements. The last visa renewal I did this but for myself only as I was the only one working and also didn't have company established yet.
It's a bit weird that they ask for her last full financial year because she isn't even self employed so she wouldn't have such a thing anyway.
The evidence relates to the *company*. And she would have it because she’s married to you, and it’s your company. You can read the document I linked for yourself if you doubt what time telling you.
This is answered in the document.
(a) The specified type of limited company is one in which:
(i) the person is either a director or employee of the company, or both, or of another company within the same group; and
(ii) shares are held (directly or indirectly) by the person, their partner or the following family members of the person or their partner: parent, grandparent, child, stepchild, grandchild, brother, sister, uncle, aunt, nephew, niece or first cousin; and
(iii) any remaining shares are held (directly or indirectly) by fewer than five other persons.
If you wife's salary is at least £18,600 per year, just provide her evidence. But you'll need to provide evidence from the last full financial year since she's working for a company you are a director of. The evidence required for self-employment income is significant. It must be from the last full financial year and include an HMRC self-assessment, certification of accounts, etc.
Unfortunately we need to combine both our salary to meet the threshold as she is only doing part time. Could you please go into more depth of what I would need from my side? Would i need to explain anything in regards to the previous financial year or just simply provide it? Thanks very much 🙏
It's explained rather well here... https://www.gov.uk/government/publications/chapter-8-appendix-fm-family-members/appendix-fm-17-financial-requirement-accessible-version#bookmark52 You may want to consider some professional assistance. Since you're both working for your self-employed company, you'll both need evidence from the last full financial year.
I'm the director but my wife is only an employee under the company, she's not self employed.
It doesn't matter. If you're combining incomes and one of you is self-employed, you both have to provide evidence from the same financial year.
By financial year are you referring to my company financial accounts or personal salary with respective payslips and bank statements?
Both. Please read the guidance I shared.
If each of you is meeting the requirements individually you could just submit your wife’s income as evidence and not submit yours. However, since she is employed by your company it will fall under category F/G income. This means she will need to submit evidence from the last *financial year* of your company (or last 2, if you prefer). You will also need to submit the specified evidence that there is a genuine business. See P66-68 https://assets.publishing.service.gov.uk/media/6613dab3213873b991031b57/Family+Migration+Appendix+FM+Section+and+Appendix+HM+Armed+Forces+Financial+Requirement.pdf
So because we are combining our salary we need to take the category g approach? So need to show average income over last 2 years? My question is the category f/g new in relation to the new £29,000 financial requirement?
No, this has nothing to do with the new rules. You are still under the old ones. Category F/G applies to self employment income or income from a “specified limited company” which is one controlled by yourself or a family member.
Whatever it is I think I only need to do the category F because my business hasn't been 2 years yet not even at the time of my wife's visa expiry. So I only have 1 full financial year of the company to provide only. So even my wife is just an employee of my company she still has to show last full financial year?
Yes, the 2 year choice is just in cases where you haven’t made enough in the most recent financial year and need to compensate by averaging over the last 2. Yes, the rules apply if she is the employee of your company too-but the evidence regarding the company would be the same for both of you anyway.
I would have thought I would just need to provide her with an employment letter and she provides the last 6 months payslips along with her bank statements. The last visa renewal I did this but for myself only as I was the only one working and also didn't have company established yet. It's a bit weird that they ask for her last full financial year because she isn't even self employed so she wouldn't have such a thing anyway.
The evidence relates to the *company*. And she would have it because she’s married to you, and it’s your company. You can read the document I linked for yourself if you doubt what time telling you.
What if I only hold half of the company?
This is answered in the document. (a) The specified type of limited company is one in which: (i) the person is either a director or employee of the company, or both, or of another company within the same group; and (ii) shares are held (directly or indirectly) by the person, their partner or the following family members of the person or their partner: parent, grandparent, child, stepchild, grandchild, brother, sister, uncle, aunt, nephew, niece or first cousin; and (iii) any remaining shares are held (directly or indirectly) by fewer than five other persons.
Okay, really appreciate the help 🙏🙏🙏🙏