Almer Posted October 11, 2019 Share Posted October 11, 2019 Help please, i have £12300 pa pension an invitation to stay in the UK my wife has previously held a spouse visa and NI number and left in a timely manor when it expired, my pension is short of the financial requirement how much savings do i need to show and i understand that will need to be shown for at least 6 months. Many thanks for any informative comments Link to comment Share on other sites More sharing options...
theoldgit Posted October 11, 2019 Share Posted October 11, 2019 Rather than jump on the back of an old thread with no replies for more than five years, I've created a new topic for you. I'm not sure what you're actually asking, please elaborate? Link to comment Share on other sites More sharing options...
globalThailand Posted October 11, 2019 Share Posted October 11, 2019 You can check this doc regarding the financial requirement Quote 7.2.2. At the entry clearance/initial leave to remain stage and the further leave stage, the amount of cash savings above £16,000 must be divided by 2.5 (to reflect the 2.5 year or 30- month period before the applicant will have to make a further application) to give the amount which can be used in meeting the financial requirement. The following equation is to be used: (x minus 16,000) divided by 2.5 = y Where x is the total amount of cash savings held by the applicant, their partner, or both jointly for at least the 6 months prior to the date of application and under their control. And y is the amount which can be used towards the financial requirement. As far as I can see you are £6300 short of the £18600 needed per year. What that means in terms of cash savings required to make up the shortfall is £31750. Link to comment Share on other sites More sharing options...
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