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Can financial requirements be met with saving?

Family member & Ancestry immigration; don't post other immigration categories, please!
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hanging sward
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Can financial requirements be met with saving?

Post by hanging sward » Mon Oct 04, 2021 11:27 am

Hi,
I am preparing to apply a spouse visa i am confused, if i do not meet financial requirements £18600 via job or self employment, is it possible to meet financial requirements with saving?
How much this amount should be?
For how long this should be available in your account?
Any guidance will be much appreciated.
looking forward for your support.

regards.
I burn my existence to satisfy their soul.

vinny
Moderator
Posts: 33322
Joined: Tue Sep 25, 2007 8:58 pm

Re: Can financial requirements be met with saving?

Post by vinny » Mon Oct 04, 2021 11:42 am

Yes. Minimum £62500, normally held for at least six months, assuming no non-exempt children and not subject to adequate maintenance and no income.
This is not intended to be legal or professional advice in any jurisdiction. Please click on any given links for further information. Refer to the source of any quotes.
We do not inherit the Earth from our ancestors, we borrow it from our children.

secret.simon
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Joined: Thu Feb 21, 2013 9:29 pm

Re: Can financial requirements be met with saving?

Post by secret.simon » Mon Oct 04, 2021 12:33 pm

If you have earnings of less than £18,600 in the UK, the amount of savings you need to meet the income requirements can decrease.

For a spouse, with no children involved, you need to show savings of £((18,600 - demonstrated annual earnings)*2.5) + £16,000, held in an easily accessible bank account for a minimum of six months.
I am not a lawyer or immigration advisor. My statements/comments do not constitute legal advice. E&OE. Please do not PM me for advice.

hanging sward
Junior Member
Posts: 51
Joined: Wed May 06, 2015 5:52 pm
Mood:
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Re: Can financial requirements be met with saving?

Post by hanging sward » Mon Oct 04, 2021 6:49 pm

Thanks very much for the information
Only for my spouse, my kids have a British passport.
If I am applying for a spouse how much do I have to show to meet financial requirements?

Regards,
I burn my existence to satisfy their soul.

AmazonianX
Respected Guru
Posts: 8103
Joined: Tue Jun 11, 2019 2:09 pm
United Kingdom

Re: Can financial requirements be met with saving?

Post by AmazonianX » Tue Oct 05, 2021 12:14 am

hanging sward wrote:
Mon Oct 04, 2021 6:49 pm
Thanks very much for the information
Only for my spouse, my kids have a British passport.
If I am applying for a spouse how much do I have to show to meet financial requirements?

Regards,
If relying solely on savings, you need to show £62,500 that must have been held for last 6 months Supported with statements covering the time and declaration of the source of the savings.

hanging sward
Junior Member
Posts: 51
Joined: Wed May 06, 2015 5:52 pm
Mood:
United Kingdom

Re: Can financial requirements be met with saving?

Post by hanging sward » Tue Oct 05, 2021 8:36 am

AmazonianX wrote:
Tue Oct 05, 2021 12:14 am
hanging sward wrote:
Mon Oct 04, 2021 6:49 pm
Thanks very much for the information
Only for my spouse, my kids have a British passport.
If I am applying for a spouse how much do I have to show to meet financial requirements?

Regards,
If relying solely on savings, you need to show £62,500 that must have been held for last 6 months Supported with statements covering the time and declaration of the source of the savings.
Thanks very much for your help.
Regards
I burn my existence to satisfy their soul.

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