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Thread: Proof of Sponsors earnings under Parent Category

  1. #1
    Join Date
    May 2008
    Location
    Tamworth UK
    Posts
    118

    Default Proof of Sponsors earnings under Parent Category

    Not sure if anyone can help on this one as the rules are new but hope that someone maybe able to offer information.

    Our Sponsor - daughter. Proof of income will be her payslips as she is employed by a company and receives a regular wage which covers half of the $90,000 required
    Sponsors husband - self employed Orchardist. We have supplied his yearly IR3 form provided by his accountant to demonstrate how much the business earns.
    CO has now asked for further proof of his earnings.
    • Supporting letter from accountant stating approximate earnings per month/year- can supply this
    • Bank statement from business showing current balance -
    • Bank statement from sponsor's partner showing wages from business entering account - Problem here as they are building up the business and therefore they only take out enough money to pay their mortgage, not $50,000 as they use my daughters salary to live on.
    Don't understand how self employed really works as we are both salaried. Does his IR3 tax return not demonstrate how much his business earned, therefore how much he could take out of the business which is the same as a salary?????

  2. #2
    Join Date
    Oct 2006
    Location
    Waterloo, Lower Hutt
    Posts
    505

    Default

    I have copied the INZ Operations Manual requirements below. For business income to be considered income for your son-in-law, he must receive regular income from the business as salary, wages, or drawings etc that equals/exceeds the remaining portion of the $90k threshold.

    F4.30.1 Sponsor’s income

    b. The gross minimum income requirement referred to in (a) above must be met by personal income that is obtained from one or any combination of:
    • sustained paid employment; or

    • regular self-employment; or

    • regular investment income.


    c. The minimum income requirement must be met by personal income. Income earned by another legal entity, such as a business or a trust, cannot be included unless it has been paid directly to the sponsor and/or their partner in the form of wages or drawings.

    d. When assessing whether the income obtained from the source(s) in (b) above is sustained and/or regular, officers may consider, but are not limited to, such factors as the length of employment, terms of employment and the regularity of payments.

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