Minimum Weekly Amount

hellokittyhannah · Post by **hellokittyhannah** » Fri Jul 06, 2012 10:12 pm

Hi all,
as the new rules will be taking effect from July 9th, can someone please tell me what the new weekly requirement will be to meet the minimum amount a couple must have after all payments? The new income threshold is £18500 but what are a couple supposed to have left over weekly? Do I go by the amount of income support entitlement for a couple? Very confused about this so if someone could kindly help I would appreciate it.

Many Thanks.

asim72 · Post by **asim72** » Fri Jul 06, 2012 10:32 pm

What is your immigration status at the moment?

hellokittyhannah · Post by **hellokittyhannah** » Fri Jul 06, 2012 10:45 pm

Sorry, I sould have mentioned at least something about my case. I am a British citizen and my husband is applying for a spouse visa. We have everything covered and I am drawing up a budget plan but with the new rules I am not sure of the weekly amount required to meet the maintenance part.
Thank you.

asim72 · Post by **asim72** » Fri Jul 06, 2012 11:05 pm

And where is your husband, out of UK or in UK?
If he is in UK then what is his immigration status?

Post by **geriatrix** » Fri Jul 06, 2012 11:23 pm

The assessment under new rules does not work as it is worked out currently (incoming - outgoing > income support rates).

In your case, you need to provide evidence of "gross annual income" of at least 18600. No budget plan needed!

hellokittyhannah · Post by **hellokittyhannah** » Sat Jul 07, 2012 8:27 am

Asim72 - my husband is in India at the moment. We are applying from there.

Sushdmehta - So does that mean as long as I show that I earn £18600 yearly thats all I need in terms of maintenence?
I am self employed so I am submitting my bank statements, accounts and invoices to prove my income. Would this suffice for the maintenence requirement? I had wanted to do a budget plan to show that after all expenses we would stil have enough money to live on once myhusband joins me. Can I still include this or would you advise not to?
Thanks for all the help everyone.

Post by **Casa** » Sat Jul 07, 2012 9:40 am

The budget plan isn't necessary. The decision will be made on your earnings and whether they meet the required minimum of £18,600. This is assuming you don't have children. Ensure your accounts are prepared well and include HMRC self-assessment records.

asim72 · Post by **asim72** » Sat Jul 07, 2012 6:43 pm

Please read paragraph 174 C to find out what documents you will require to prove minimum income before tax of £18600.

http://www.ukba.homeoffice.gov.uk/sitec ... am-mig.pdf

proxybilli · Post by **proxybilli** » Sun Jul 08, 2012 12:50 pm

Yearly Monthly Weekly Daily*
Gross Income £18,600.00 £1,550.00 £357.69 £71.54
Pension Deductions £0.00 £0.00 £0.00 £0.00
Childcare Vouchers £0.00 £0.00 £0.00 £0.00
Taxable Income £10,495.00 £874.58 £201.83 £40.37
Tax £2,099.00 £174.92 £40.37 £8.07
National Insurance £1,319.40 £109.95 £25.37 £5.07
Student Loan £0.00 £0.00 £0.00 £0.00
Take Home £15,181.60 £1,265.13 £291.95 £58.39

http://www.thesalarycalculator.co.uk/salary.php

Post by **Casa** » Sun Jul 08, 2012 12:57 pm

The new regulation requires a minimum yearly salary of £18,600 before deductions of tax, NIC etc. It doesn't refer to the 'take home' pay.

gali1982 · Post by **gali1982** » Sun Jul 08, 2012 9:33 pm

If you are self employed it also states

"Where the self-employed person is a sole trader or is in a partnership or
franchise agreement, the income will be the gross taxable profits from their share of the business. Allowances or deductable expenses which are not taxed will not be counted towards income"

so you could be earning over £18'600 in self employment but after all deductions such as rent etc it will be the 'gross taxable profits' which will be counted towards the £18600 income requirement.

This is my understanding of the rules on anyone who is self employed.

carlyann · Post by **carlyann** » Tue Jul 10, 2012 8:13 pm

Hi,

I actually applied under the old rules but am self employed through a limited co. I didn't meet the new rules as I don't yet have a tax return as the co has only been trading for 8 months - so I had to bring forward the wedding.

What docs you need to provide depends on whether you are self employed as a sole trader or through a limited company. See statement of intent 174 c and d.

See para 164 which states:

Where the self-employed person is a sole trader or is in a partnership or franchise agreement, the income will be the gross taxable profits from their share of the business. Allowances or deductable expenses which are not taxed will not be counted towards income. IE BEFORE INCOME TAX
Where the self-employed person has set up their own registered company and is listed as a director of that company, the income that will be assessed will be any salary drawn from the post-tax profits of the company. IE AFTER CORPORATION TAX

If you trade through a limited co and you draw a minimal salary then it seems that dividends count as a non-employment source of income. See para 165. Dividends or other income from investments, stocks and shares, bonds or trust funds: These must be owned by the sponsor, the applicant or both jointly.

Read the rules carefully to make sure you provide the right docs and they span the right time period - most cases 2 years (not 6 as under the old rules)

carlyann · Post by **carlyann** » Tue Jul 10, 2012 8:14 pm

sorry meant 12 months not 2 years!

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Minimum Weekly Amount

Minimum Weekly Amount