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Funds

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2

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sam321
Newbie
Posts: 44
Joined: Wed Jun 12, 2013 10:48 pm

Funds

Post by sam321 » Mon Aug 05, 2013 4:48 pm

Hi

I have submitted my application. in my bank statement my closing balance is 52000, including my maintenance. Now I want to use some money for my personal use.

According to the rules 50,000 are funds for business and rest 900 is maintenance. So I have to show 51000. Can I use rest of the money for my personal use? Or it's better to maintain 52000?
Thanks

rajesh1984
Newly Registered
Posts: 20
Joined: Sat Jul 06, 2013 9:27 pm

Re: Funds

Post by rajesh1984 » Mon Aug 05, 2013 4:52 pm

sam321 wrote:Hi

I have submitted my application. in my bank statement my closing balance is 52000, including my maintenance. Now I want to use some money for my personal use.

According to the rules 50,000 are funds for business and rest 900 is maintenance. So I have to show 51000. Can I use rest of the money for my personal use? Or it's better to maintain 52000?
Thanks
definitely u can use it but which account r u using for the application fee
because if they check later u must have 50900

sam321
Newbie
Posts: 44
Joined: Wed Jun 12, 2013 10:48 pm

Post by sam321 » Mon Aug 05, 2013 5:08 pm

Thanks for replying

Fees has already taken from my account. After fees reduction it's 52000 and I want to use some money. But I am confused shall I use it or it should be not less than the closing balance?

my_friend
Member
Posts: 119
Joined: Mon Mar 25, 2013 7:17 pm

Post by my_friend » Mon Aug 05, 2013 5:36 pm

sam321 wrote:Thanks for replying

Fees has already taken from my account. After fees reduction it's 52000 and I want to use some money. But I am confused shall I use it or it should be not less than the closing balance?
use it without any worries...

sam321
Newbie
Posts: 44
Joined: Wed Jun 12, 2013 10:48 pm

Post by sam321 » Tue Aug 06, 2013 10:39 am

Thanx for replying my friend

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