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cash saving for spuse visa

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sha373
Member
Posts: 138
Joined: Thu Mar 06, 2014 6:43 pm

cash saving for spuse visa

Post by sha373 » Mon Feb 23, 2015 2:44 pm

Hi
if any one explain me ho to use sash saving to meeting financial requirements.
if i have £16000 saving for 6month ,how much else earning i have to show to meet £18600? what is tha formula to calculate?

thanxx

milan69
Diamond Member
Posts: 1103
Joined: Fri Oct 18, 2013 5:09 pm

Re: cash saving for spuse visa

Post by milan69 » Mon Feb 23, 2015 5:29 pm

Maybe you will find an answer in another forum. This is British citizenship forum.
I am sometimes wrong.

secret.simon
Moderator
Posts: 11252
Joined: Thu Feb 21, 2013 9:29 pm

Re: cash saving for spuse visa

Post by secret.simon » Mon Feb 23, 2015 6:18 pm

Can the mods please move this query to the Immigration for Family Members forum?

To the OP, I'm not absolutely certain, but from what I have read on other forums, the savings requirement for spouse visa is much higher. To begin with, the first £16,000 is disregarded. Then for every £1 of earning that you want to substitute with savings, you need to show £2.5 of savings. So, to make up the whole of the earnings requirements, you would need £(16,000+18,600*2.5), so £62,500 in savings.

If you have savings of more than £16000, the excess (savings -16000)/2.5 would be the amount by which your earnings can be reduced. So, if you have £21000 savings, your earnings will have to be 18600 - ((21000-16000)/2.5)=18600-2000=16600.

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