When they say yearly earnings, do they mean?

[BIGJIMMY]

When they say earnings in a year for the settlement visa financial requirements do they mean the current financial year i.e April - April or January - December??

Thanks

[JockPieandBeans]

Financial year is Apr - Apr mate.

I would think for visas it would be no different.

[Loptr]

I guess it would be contingent on which jurisdiction you pay taxes to... For the US, it's Jan - Dec...

[7by7]

The period depends upon which category of income are you using.

If salaried or non salaried employment it is the 6 months prior to the application.

If self employed or the director of a specified limited company in the UK it is the last full financial year, or you can use the average of the last 2 full financial years.

• If self employed in the UK it is the year covered by your SA return; i.e 6th April to 5th April.
• If a company director in the UK it is the year covered by the company's CT600 return.
• If self employed outside the UK it is the year covered by that country's tax regulations.

If non employment income, e.g. rental income, it is the 12 months prior to the application.

If pension income, state and/or private, it is the 12 months prior to the application.

That's the basics, for full details see the relevant part(s) of Annex FM Section FM 1.7: Financial Requirement

[BIGJIMMY]

That answers it 100%, thanks 7x7!!!

[Tony M]

The period depends upon which category of income are you using.

If salaried or non salaried employment it is the 6 months prior to the application.

If self employed or the director of a specified limited company in the UK it is the last full financial year, or you can use the average of the last 2 full financial years.

• If self employed in the UK it is the year covered by your SA return; i.e 6th April to 5th April.
• If a company director in the UK it is the year covered by the company's CT600 return.
• If self employed outside the UK it is the year covered by that country's tax regulations.

If non employment income, e.g. rental income, it is the 12 months prior to the application.

If pension income, state and/or private, it is the 12 months prior to the application.

That's the basics, for full details see the relevant part(s) of Annex FM Section FM 1.7: Financial Requirement

7x7, a slight amendment to :

"If non employment income, e.g. rental income, it is the 12 months prior to the application.

If pension income, state and/or private, it is the 12 months prior to the application."

In the case of self-employed sponsors, this evidence must be for the same period as the rest of the self-employed evidence. That is, if the Company Tax year runs from say, October - September, then the evidence must be for the same period.