I will soon be applying for my wife's ILR and want to understand whether Adequate Maintenance will cause any problem with my current financial situation. My wife is on old 2 yrs spouse visa.
I have one child who is 17 months old and my wife is over 25. I have included income related details are as below. Appreciate if anyone can help me with this. Also, explain how does the formula for Adequate Maintenance work? If I was to do this calculation on my own.
My gross annual income: £16993.00
Annual Bonus: £1000.00
My monthly salary after tax and deductions: £1197.00
Child benefit per monthly amount: £82.00
Child Tax Credit monthly amount: £210.00
Working Tax credit monthly amount: £39.00
Monthly Home Mortgage: £402.00
Monthly Council Tax: £101.00
Thank you in advance
Zubair
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