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Either can have savings.If her husband regularly sends her money from overseas would this be acceptable or would he need to rely on his own cash savings?
If she had cash savings in her own name, would she be able to rely on this and does it have to be in her account covering a 6 month period?
Third party sponsorship/support is not permitted.How else can they meet the requirement? Can third party support be included? Cash savings?
Not sure how the calculation would work for DLA benefit claimant.Would this mean they would need cash savings of £24,297 over the last 6 months (£186.90 x 130?)
Amber wrote:Under paragraph 12B of Appendix FM-SE, once the total amount of cash savings which meets the requirements of paragraphs 11 and 11A has been calculated and evidenced, this can be divided by the number of weeks of limited leave which would be issued if the application was granted, and then expressed as a figure which can be used in the assessment. All cash savings which meet those rules can be counted towards meeting the adequate maintenance requirement and not just those above £16,000 which is the amount above which savings can be counted towards meeting the minimum income threshold.
Example – The sponsor has savings of £3,000. This is then divided by the number of weeks in the leave period granted. (33 months for entry clearance = 143 weeks; 30 months for leave to remain = 130 weeks).
So if the application is for leave to remain, £3,000 divided by 130 weeks = £23.07
This means that £23.07 can be added to any weekly income received by the applicant/sponsor for the purpose of assessing adequate maintenance.
Thank you for the response. But if they do not find cheaper accomodation and stick with going with savings (both together), would this mean we need to multiply £186.90 by 33 months for entry clearance? So £186.90 x 143= £26,726.70?Amber wrote:Find cheaper accommodation? The sponsor and applicant can use their savings, insofar as they've been held for 6 months.