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Guideline is very unambiguously confirming it:
7.4. Cash savings – further guidance
7.4.1. Savings must be held in cash in a personal bank/savings account in the name of the
applicant, their partner or the couple jointly.
Sorry I just don’t get it.. what does it mean by was at least equivalent to the amount of cash savings relied upon in the application• the requirements of Appendix FM-SE in respect of the cash savings held at the date of application are met, except that the period of 6 months prior to the date of application in paragraph 11(a) will be reduced by the amount of that period in which the relevant funds were held in the form of investments, stocks, shares, bonds or trust funds
• the value of the investments, stocks, shares, bonds or trust funds at or before the beginning of that 6-month period was at least equivalent to the amount of the cash savings relied upon in the application
whilst not fully sure due to the same being insufficiently explained in the official guideline, I think the lowest value during the last 6 months might be considered likewise happens in case of cash savings. But in either scenarios £33000 or £40000 when these will be combined with cash savings of £30000 then will satisfy the requirement.Gilo wrote: ↑Thu Jul 23, 2020 7:15 pmSorry I just don’t get it.. what does it mean by was at least equivalent to the amount of cash savings relied upon in the application• the requirements of Appendix FM-SE in respect of the cash savings held at the date of application are met, except that the period of 6 months prior to the date of application in paragraph 11(a) will be reduced by the amount of that period in which the relevant funds were held in the form of investments, stocks, shares, bonds or trust funds
• the value of the investments, stocks, shares, bonds or trust funds at or before the beginning of that 6-month period was at least equivalent to the amount of the cash savings relied upon in the application
Hi guys, I was reading through FM1.7 Financial requirement page 33 for Category A. It states that is what they require for letter from employer. I just found this weird... is there anything to do with Employment letter who works in a limited company? Or is it just a typo ?A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
• the person's employment and gross annual salary
• the length of their employment
• the period over which they have been or were paid the level of salary relied
upon in the application
• the type of employment (permanent, fixed-term contract or agency)
• Personal bank statements corresponding to the same period(s) as the payslips
at paragraph 2(a), showing that the salary has been paid into an account in the
name of the person or in the name of the person and their partner jointly
• where the person is either a director or employee (or both) of a limited
company based in the UK, evidence that the company is not a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House
Although that has been mentioned in the guidance but never seen to have been realistically be enforced where if someone is working for an employer who is not his family member. In that case the UKVI should be carrying out their own exploration.Gilo wrote: ↑Mon Jul 27, 2020 11:01 pm
• where the person is either a director or employee (or both) of a limited
company based in the UK, evidence that the company is not a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House
Hi guys, I was reading through FM1.7 Financial requirement page 33 for Category A. It states that is what they require for letter from employer. I just found this weird... is there anything to do with Employment letter who works in a limited company? Or is it just a typo ?
I do not see anything wrong with the paragraph because it relates to someone who falls under paragraph 9A of Appendix FM-SE and if you don't fall into that category then you can apply as normal even if you are director or employee of a limited company.Gilo wrote: ↑Mon Jul 27, 2020 11:01 pmHi guys, I was reading through FM1.7 Financial requirement page 33 for Category A. It states that is what they require for letter from employer. I just found this weird... is there anything to do with Employment letter who works in a limited company? Or is it just a typo ?A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
• the person's employment and gross annual salary
• the length of their employment
• the period over which they have been or were paid the level of salary relied
upon in the application
• the type of employment (permanent, fixed-term contract or agency)
• Personal bank statements corresponding to the same period(s) as the payslips
at paragraph 2(a), showing that the salary has been paid into an account in the
name of the person or in the name of the person and their partner jointly
• where the person is either a director or employee (or both) of a limited
company based in the UK, evidence that the company is not a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House
This point is under the information given by employer in his employment letter.A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
• the person's employment and gross annual salary
• the length of their employment
• the period over which they have been or were paid the level of salary relied
upon in the application
• the type of employment (permanent, fixed-term contract or agency)
• Personal bank statements corresponding to the same period(s) as the payslips
at paragraph 2(a), showing that the salary has been paid into an account in the
name of the person or in the name of the person and their partner jointly
• where the person is either a director or employee (or both) of a limited
company based in the UK, evidence that the company is not a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House
This is a seperate requirement from the employment letter. That's why i was confused...(b) A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
(i) the person’s employment and gross annual salary;
(ii) the length of their employment;
(iii) the period over which they have been or were paid the level of salary relied upon in the application; and
(iv) the type of employment (permanent, fixed-term contract or agency).
(c) Personal bank statements corresponding to the same period(s) as the payslips at paragraph 2(a), showing that the salary has been paid into an account in the name of the person or in the name of the person and their partner jointly.
(d) Where the person is a director of a limited company based in the UK, evidence that the company is not of a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House.
Well to keep it intelligible if you are working for a none-family member employer then you will only need employer letter and ukvi will perform their own checks if they need any (same as said earlier).Gilo wrote: ↑Tue Jul 28, 2020 3:36 pmI didn't make myself clear. What i found is that in FM1.7 session Category A:This point is under the information given by employer in his employment letter.A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
• the person's employment and gross annual salary
• the length of their employment
• the period over which they have been or were paid the level of salary relied
upon in the application
• the type of employment (permanent, fixed-term contract or agency)
• Personal bank statements corresponding to the same period(s) as the payslips
at paragraph 2(a), showing that the salary has been paid into an account in the
name of the person or in the name of the person and their partner jointly
• where the person is either a director or employee (or both) of a limited
company based in the UK, evidence that the company is not a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House
While in FM-SE specified evidence:This is a seperate requirement from the employment letter. That's why i was confused...(b) A letter from the employer(s) who issued the payslips at paragraph 2(a) confirming:
(i) the person’s employment and gross annual salary;
(ii) the length of their employment;
(iii) the period over which they have been or were paid the level of salary relied upon in the application; and
(iv) the type of employment (permanent, fixed-term contract or agency).
(c) Personal bank statements corresponding to the same period(s) as the payslips at paragraph 2(a), showing that the salary has been paid into an account in the name of the person or in the name of the person and their partner jointly.
(d) Where the person is a director of a limited company based in the UK, evidence that the company is not of a type specified in paragraph 9(a). This can include the latest Annual Return filed at Companies House.
No other than there are few hodgepodge in online application forms which can be clarified through a covering letter.
Hi guys if you can helpThe gross amount of any cash income may be counted towards the financial requirement, where the correct tax has been paid on that income and where all the relevant evidential requirements in Appendix FM-SE are met.
I have merged your topics. Please read the forum rule on multiple topics!!Sorry I think I have clicked new post but I don’t know why it shows under my previous post.
Cash paid income can be used provided the whole cash payment is deposit and matches the payslips.I’m going to use category A now as the shares won’t work.
Sorry. I have read the rules I did click new post. But I don’t know why it has shown under my previous post. Maybe I should go back to the home page and create the post. But anyway. Thanks for the advice.CR001 wrote: ↑Tue Aug 04, 2020 10:44 amI have merged your topics. Please read the forum rule on multiple topics!!Sorry I think I have clicked new post but I don’t know why it shows under my previous post.
https://www.immigrationboards.com/annou ... t5722.html
Cash paid income can be used provided the whole cash payment is deposit and matches the payslips.I’m going to use category A now as the shares won’t work.
I have merged your two topics into ONE!Sorry. I have read the rules I did click new post. But I don’t know why it has shown under my previous post. Maybe I should go back to the home page and create the post. But anyway. Thanks for the advice.CR001 wrote: ↑Tue Aug 04, 2020 10:44 amI have merged your topics. Please read the forum rule on multiple topics!!Sorry I think I have clicked new post but I don’t know why it shows under my previous post.
https://www.immigrationboards.com/annou ... t5722.html
Cash paid income can be used provided the whole cash payment is deposit and matches the payslips.I’m going to use category A now as the shares won’t work.