I mean if your actual salary is £10K does this affect mortgages and other such things, even if you take £50K in dividends annually? Or can you normally just lump it all in as "income"?
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Originally posted by MaryPoppinsOriginally posted by vetran -
How fortunate for governments that the people they administer don't think -
I tell my mortgage company that I run my own company and i quote them a "turnover" figure [ which incidentally inclues VAT which they shouldn't really take into account but they never seemt o mind ! ]Originally posted by d000hg View PostCenedl heb iaith, cenedl heb galon
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It really depends on the mortgage company, Nationwide didn't understand the concept of contracting and I had to explain to someone at their head office before I got approval, their standard application listed trades like butcher, baker and candlestick maker, but any sort of freelance work resulted in "computer says no".Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Speak your mind Bod... don't be bashful - we are all friends hereOriginally posted by Bod View PostHow fortunate for governments that the people they administer don't thinkComment
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Yeah... what he said except I'd already said itOriginally posted by gingerjedi View PostHow fortunate for governments that the people they administer don't thinkComment
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use contractormoney - they have contacts and give you a figure based on daily rate."Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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I dropped a clanger, my post was meant for the "Feel the love" thread, it was very inappropriate here in this one - hence the very hasty edit.Originally posted by Troll View Post
Late 30's, must be losing it..... etcKneel before BodComment
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Ditto
Depends on the bank/mortgage company. Just got a mortgage with the woolwich (barclays) - (through contractor money
) Just needed to state my annual turnover for last year, a copy of my CV and current contract and bobs your uncle. 3 times my annualized rate was mine.
Slightly different question: I am now on an IR35 friendly contract (as opposed to being inside for most of last year) when it comes to filling in the child tax credit form later this year do I put my salary as £7500 or my annual turnover? Surely I will be on their rader when they notice a £60,000 drop in salary from last year?Comment
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