specy_99 wrote:Probably £7,200 as she worked part time and found it hard to find full time.
In your case it should be 18600-7200=11400The following equation is used:
(x minus 16000) divided by 2.5 = y
Where x is the total amount of savings held and y is the amount which can be used towards the financial requirement.
11400*2.5+16000=44500
So, my understanding is that you need 44500 for at least 6 months. Having said this my calculations are based on your wife's application I've not included your daughter yet!
I know it's scary but my advice would be for you to wait until you get your ILR and then after 6 months try your luck. Unless you can manage with your savings.