Giant Powerhouse and P60

[zoro]

I am with Giant too and got my hsmp approved with just the bank statements, payslips, and contract letters (which state contract period and rate) from my recruitment agent. And I did it myself too. It is just not worth the money paying the agent to do it. It is really quite easy, just need to make sure you provide all the relevant evidence.

[doyale]

you'll need more than just bank statements .... but Giant should be able to give you everything you need. just been through the HSMP process (and worked through giant powerhouse last year too).

i had an immigration lawyer helping me out so can't remember the exact details of the documents but basically what you need is documents on the giant company letterhead, signed by someone at Giant stating the dividend income that you've received throughout the year. my lawyer also suggested i get a signed letter from them stating how my pay structure worked. all of which i managed to get from giant just by asking my csm.

it did take a few takes to get the right documents though, so be prepared for a bit of frustration. and if you aren't using an immigration agent for your HSMP i suggest you get one, it makes the whole process a lot easier particularly when you've got to come up with the income evidence from a complicated (and now officially dodgy) pay structure ...

[css_jay99]

Yeah i know the Dividend information is on the portal. But what if i need to prove my income from company dividends (and not from investments) as part of my primary job. What is the best way to do this?

Aren't dividends linked in with HMRC somehow?

Bank statements should do the trick, i think ?

[buffdaddy]

Nothing official, but on the GIANT portal you should be able to access something called 'Dividend Detail' which shows the each div payment and then tax credit, use this for your Self Accessment.

Yeah i know the Dividend information is on the portal. But what if i need to prove my income from company dividends (and not from investments) as part of my primary job. What is the best way to do this?

Aren't dividends linked in with HMRC somehow?

[itcontractor07]

Your payslips which show the complete detail of your pay and dividend should be sufficient for showing your income for HSMP purposes, ofcourse substantiated with you bank statements.

Cheers

[Ivor1]

Thanks for the replies.

So what official documentation do they produce for the Dividends?

I soon will need official documentation from employer (i.e Giant) to prove my earnings for HSMP visa purposes.

cheers,

Nothing official, but on the GIANT portal you should be able to access something called 'Dividend Detail' which shows the each div payment and then tax credit, use this for your Self Accessment.

[Waldorf]

Giant get a slating because they are cr@p! I was with them and got out a few months ago, went with nixon williams who set me up very quickly with only a few things to sign, they even filled all the forms in for me!

Giant's ltd co option is very pricey and not worth the money.

[AnotherIan]

I'm seeing a lot of Giant hate here, and as a Giant customer I'm curious.
I've just set up a ltd via Giant and like the portal. I'm annoyed they haven't sorted out automated bank account creation. It's comical that I've already received my first company spam from HSBC offering preferential business rates.

Anyway, I quite like them but I shop at Tesco's for the same wrong reasons, so keeping in mind I'm buying a property at the moment, what's the best way to move? I'd go with SJD (sp?) as they seem to get huge support.

I'm now ltd, and filing the relevant documents, so it would just be a case of transfering those details I assume? I suffer from formaphobia, I panic at the thought of filling out a form; they're designed to be intimidating and I hate it I can balance a few billion to the nearest quid across various asset classes, but consumer finance fcks me up.

[buffdaddy]

Thanks for the replies.

So what official documentation do they produce for the Dividends?

I soon will need official documentation from employer (i.e Giant) to prove my earnings for HSMP visa purposes.

cheers,

[Ivor1]

Your P60 from GIANT will just show pay and not dividends. Usually they will put a image of the P60 with your details on your part of the portal but you cant use that for official things you will have to await the paper one.

[Gonzo]

The P60 is produced annually for employees in this country and shows PAYE earnings and PAYE Tax and National Insurance deductions (and a few other things like maternity / paternity pay, tax credits).

It will not include other income such as dividends or interest received.

I don't use such a scheme so I am not sure how your income through GIANT is all structured as to what is PAYE and what is dividends. That is quite important in respect of the P60.

[Ivor1]

Yeah they will send you a P60, probably wrong details on it but they will send you one.

[buffdaddy]

Hi All,

I have been with Giant for 6 months now (i am a newbie to the UK and new to contracting since September 2006). Its now the new financial year.

I understand that P60 is the yearly tax return document. Do I get a P60 stating howmuch income i recieved (as minimum wage and dividends?) in the 2006 financial year?

Also i understand I do not have to pay any tax on the dividends unless i recieved a sum larger than around £38000 in the last financial year (which i didnt since i was only in the uk for 6 months in the last financial year).

I look forward to the replies.

cheers