ISA ACCOUNT and Maintenanance

[ishfaqsangra]

Can We use ISA for maintennace as money is freely allowEd in and out and their are recent transactions as well.

Thanks.

[KickAss]

Can We use ISA for maintennace as money is freely allowEd in and out and their are recent transactions as well.

Thanks.

Last time I read policy guidelines, ISA account was not allowed !

[Olasunkanmi]

@ ishfaqsangra, always address your questions to the forum rather than to individuals so that others with experience can help.

[Olasunkanmi]

@ KickAss, I do not think ISA account is listed as not accepted in the guidance.

You might want to take a look at this,

Paragaph 1A (j) of Appendix C in the immigration rule;

Maintenance must be in the form of cash funds. Other accounts or financial instruments such as shares, bonds, pension funds etc, regardless of notice period are not acceptable.

And paragraph 174 of policy guidance;
174. Evidence must be in the form of cash funds held in an account (this includes savings accounts and current accounts even when notice must be given). Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.

ISA is classed as Individual savings account so it should be ok to use as evidence of maintenance funds.

[KickAss]

Correct !
Apologies for the confusion.
ISA is good for maintenance as its a personal saving and its on your name.

But not good to show 50 or 200 K..

The total amount of available money must be either at least £200,000; or at least £50,000, as
applicable. If the money is held in several financial institutions, you must supply a statement
from each institution.
• The statements must be original documents and not a copy.
• The bank or building society holding the money must be based in the UK and regulated by
the FCA/PRA;
• The money must be in cash in the account. We will not accept Individual Savings
Accounts (ISAs) or assets such as stocks and shares;



Cheers Olasunkanmi !

@ KickAss, I do not think ISA account is listed as not accepted in the guidance.

You might want to take a look at this,

Paragaph 1A (j) of Appendix C in the immigration rule;

Maintenance must be in the form of cash funds. Other accounts or financial instruments such as shares, bonds, pension funds etc, regardless of notice period are not acceptable.

And paragraph 174 of policy guidance;
174. Evidence must be in the form of cash funds held in an account (this includes savings accounts and current accounts even when notice must be given). Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.

ISA is classed as Individual savings account so it should be ok to use as evidence of maintenance funds.

[ishfaqsangra]

Correct !
Apologies for the confusion.
ISA is good for maintenance as its a personal saving and its on your name.

But not good to show 50 or 200 K..

The total amount of available money must be either at least £200,000; or at least £50,000, as
applicable. If the money is held in several financial institutions, you must supply a statement
from each institution.
• The statements must be original documents and not a copy.
• The bank or building society holding the money must be based in the UK and regulated by
the FCA/PRA;
• The money must be in cash in the account. We will not accept Individual Savings
Accounts (ISAs) or assets such as stocks and shares;



Cheers Olasunkanmi !

@ KickAss, I do not think ISA account is listed as not accepted in the guidance.

You might want to take a look at this,

Paragaph 1A (j) of Appendix C in the immigration rule;

Maintenance must be in the form of cash funds. Other accounts or financial instruments such as shares, bonds, pension funds etc, regardless of notice period are not acceptable.

And paragraph 174 of policy guidance;
174. Evidence must be in the form of cash funds held in an account (this includes savings accounts and current accounts even when notice must be given). Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.

ISA is classed as Individual savings account so it should be ok to use as evidence of maintenance funds.

Apologies @OLA first .

Secondly I do read policy guidance as much as possible and I am talking about Maintenance for me and 3 dependents that is 2700 pounds which is more than 6 months is in my ISA,and i am transferring money from ISA to others online whenever I need.So just want to Clarify.

Thanks Kickass for your timely Kick,I am about to apply in 4-5 weeks time and might be putting some more questions so Thanks in advance.

[KickAss]

Correct !
Apologies for the confusion.
ISA is good for maintenance as its a personal saving and its on your name.

But not good to show 50 or 200 K..

The total amount of available money must be either at least £200,000; or at least £50,000, as
applicable. If the money is held in several financial institutions, you must supply a statement
from each institution.
• The statements must be original documents and not a copy.
• The bank or building society holding the money must be based in the UK and regulated by
the FCA/PRA;
• The money must be in cash in the account. We will not accept Individual Savings
Accounts (ISAs) or assets such as stocks and shares;



Cheers Olasunkanmi !

@ KickAss, I do not think ISA account is listed as not accepted in the guidance.

You might want to take a look at this,

Paragaph 1A (j) of Appendix C in the immigration rule;

Maintenance must be in the form of cash funds. Other accounts or financial instruments such as shares, bonds, pension funds etc, regardless of notice period are not acceptable.

And paragraph 174 of policy guidance;
174. Evidence must be in the form of cash funds held in an account (this includes savings accounts and current accounts even when notice must be given). Other accounts or financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.

ISA is classed as Individual savings account so it should be ok to use as evidence of maintenance funds.

Apologies @OLA first .

Secondly I do read policy guidance as much as possible and I am talking about Maintenance for me and 3 dependents that is 2700 pounds which is more than 6 months is in my ISA,and i am transferring money from ISA to others online whenever I need.So just want to Clarify.

Thanks Kickass for your timely Kick,I am about to apply in 4-5 weeks time and might be putting some more questions so Thanks in advance.

Sorry but let me ask you a lame question...

You and 3 other dependent this means total of 1+3 = 4

was it 900 per applicant. ? (I am rusty w.r.t. policy guide)

If so then it should be 900*4 = 3600 ??
Feel free to correct me if I have misunderstood .

irrespective of the amount (Let's say X) make sure your account never had less than X GBP in last 3 months before applying.

[itk]

@ KickAss,
Maintenance for main applicant is £900, while that of the dependant is £600 each. so by calculation it will be

Main applicant=900
Dependant=600*3=1800.
900+1800= £2700
so for him and his 3 dependant total maintenance will be £2700.

[KickAss]

@ KickAss,
Maintenance for main applicant is £900, while that of the dependant is £600 each. so by calculation it will be

Main applicant=900
Dependant=600*3=1800.
900+1800= £2700
so for him and his 3 dependant total maintenance will be £2700.

Cheers !

I should take out time and read bloody policy guidelines !

I am so rusty !!!!!

[ishfaqsangra]

@ KickAss,
Maintenance for main applicant is £900, while that of the dependant is £600 each. so by calculation it will be

Main applicant=900
Dependant=600*3=1800.
900+1800= £2700
so for him and his 3 dependant total maintenance will be £2700.

Cheers !



I should take out time and read bloody policy guidelines !

I am so rusty !!!!!

You seems too busy in your personal life ,you should take time and advice people although you are not obliged to.
Thanks for considering the query.

I may need your help as I will Post few more questions so read Policy Guidence soon please.
Cheers

[samaygrg]

hi kickass
what about 50k? i have it in my saver account ..would that go fine??? pls reply.

Cheers

Can We use ISA for maintennace as money is freely allowEd in and out and their are recent transactions as well.

Thanks.

Last time I read policy guidelines, ISA account was not allowed !