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maintainance in ISA

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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aby00156
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Joined: Mon May 19, 2014 11:38 pm
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maintainance in ISA

Post by aby00156 » Wed May 28, 2014 8:03 pm

Hi Guys

Can I show my maintainance in cash ISA accouny. Maintainance of 945 pounds


Please reply.
So verily, with every difficulty, there is relief.
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entrepreneur123
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Posts: 640
Joined: Wed Jan 09, 2013 11:12 am

Re: maintainance in ISA

Post by entrepreneur123 » Thu May 29, 2014 8:59 am

yes but you cannot show investment funds in ISA. check policy guidance
aby00156 wrote:Hi Guys

Can I show my maintainance in cash ISA accouny. Maintainance of 945 pounds


Please reply.
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BlackBirdSSG
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Posts: 264
Joined: Mon Feb 25, 2013 5:28 pm

Re: maintainance in ISA

Post by BlackBirdSSG » Fri May 30, 2014 1:57 am

Point # 108 (Page 21 of 56) explain that you cannot use ISA account for £50K or £200K investment purposes.

ISA for maintenance purposes is fine as this is your personal savings account.

Kindly read Point # 183 to Point # 190 to find out about the Documents HO require for maintenance purposes
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alpharomeo
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Re: maintainance in ISA

Post by alpharomeo » Fri May 30, 2014 6:52 am

Hi there,

Yes you are right we cant show the maintinance in ISA account. But as in maintinance there is point that we cant use the same maintinance funds for our depandent. What if the saving amount of the maintenance fund is way more then required for the main applicant at the time of application. So in this case cant we use the same account for the depandent.

Please guide. Kind regards
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aby00156
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Joined: Mon May 19, 2014 11:38 pm
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Re: maintainance in ISA

Post by aby00156 » Fri May 30, 2014 8:53 am

ok can we use regular savings account for investment funds, as per banks regular savings account is different from Individual savings account (ISAs) ????? Please help I am in lot of confusion.
So verily, with every difficulty, there is relief.
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entrepreneur123
Senior Member
Posts: 640
Joined: Wed Jan 09, 2013 11:12 am

Re: maintainance in ISA

Post by entrepreneur123 » Fri May 30, 2014 10:44 am

yes u can use regular saving account for investment (e.g instant saving account)

aby00156 wrote:ok can we use regular savings account for investment funds, as per banks regular savings account is different from Individual savings account (ISAs) ????? Please help I am in lot of confusion.
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asadch03
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Posts: 21
Joined: Tue Feb 04, 2014 12:18 pm

Re: maintainance in ISA

Post by asadch03 » Sun Jun 01, 2014 8:23 am

Maintenance in ISA account is ok , I also showed maintenance in ISA, no objection
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