Savings ....how much is enough? 2 yrs settlement visa

#1
Hi

please could someone shed some light on the savings for the sponsor ? How much is enough to have? In relation with settlement visa?

Thank you xxx
 

Jane BM

Well-Known Member
#2
Hi

please could someone shed some light on the savings for the sponsor ? How much is enough to have? In relation with settlement visa?

Thank you xxx
Well the earnings minimum is £18,600 however that's been held in abeyance right now and from what I can gather any visa that would be refused due to inadequate finances, ie not earning the minimum threshold, aren't being refused but 'held' until a firm decision is made.

There is an article about it on the UKBA site, ill see if I can find it.
 

Jane BM

Well-Known Member
#3
This is the article...

26 July 2013



Today, 26 July 2013, the Home Office filed its grounds of appeal against the 5 July High Court judgment in a legal challenge to the minimum income threshold for spouses/partners and children applying in the family route.

This applies to non-EEA national spouses/partners and children applying to settle in the UK with someone who is already resident here.

The Home Office will continue to put on hold decisions in some spouse/partner and child settlement visa and leave to remain applications until the case is finally determined by the Courts. It has asked the Court of Appeal to expedite its appeal.

The hold on decision-making applies to applications made under Appendix FM to the Immigration Rules where the application would be refused solely because the rules relating to the minimum income threshold are not met, including where relevant the evidence requirements in Appendix FM-SE.

The same approach is being applied to a small number of adoption cases which would be refused on this ground alone.

Applications which meet the Rules or which fall to be refused on other grounds, such as requirements for English language or a genuine and subsisting relationship, will continue to be processed and decided as normal.

Can I still submit a spouse/partner or child application under Appendix FM?
Yes. You can continue to apply, but you should take into account the fact that if the income threshold is the only requirement you do not meet, the Home Office will put your application on hold until the legal challenge is finally determined by the Courts.

Can I still submit my application in person at a public enquiry office in the UK?
Yes, but you should take into account the fact that if the income threshold is the only requirement you do not meet, the Home Office will put your application on hold until the legal challenge is finally determined by the Courts.

What happens if my case is on hold and I want to withdraw my application?
If you have already applied and now wish to withdraw your application, you may do so. The Home Office will not refund your application fee.

What happens if my case is on hold and I want to get my passport returned because I need to travel?
If you are applying from overseas, you may contact the relevant visa post to request the return of your passport to travel, while your application remains on hold.
If you are applying from within the UK and wish to travel outside the Common Travel Area, you may contact the Home Office to request the return of your passport but the Home Office will treat your application as withdrawn. We will not refund your application fee.

How long will cases be put on hold?
Until the legal challenge is finally determined by the Courts. The Court of Appeal has agreed to a request from the Home Office to expedite its appeal, but it is a matter for the Court how quickly the appeal is considered. It may take several months at least.

What happens if I meet the income threshold requirement?
If we assess that you meet all the rules which apply to your case, including the income threshold requirement where this applies, your application will be granted.

Am I still required to meet the income threshold requirement or can I apply knowing that I do not meet it?
You can apply, but if the income threshold is the only requirement you do not meet, the Home Office will put your application on hold until the legal challenge is finally determined by the Courts.

Are all adoption cases affected?
No, only applications required to meet the minimum income threshold under paragraph 314(i)(a), 314(i)(d), 316A(i)(d) or 316A(i)(e) of Part 8 of the Immigration Rules made on or after 9 July 2012. Adoption applications which do not have to meet the minimum income threshold are unaffected.

Are other family categories affected, like adult dependent relatives or spouses on the two-year probationary period?
No, there is no effect on applications which do not need to meet the income threshold requirement. Those cases will continue to be assessed against the rules which apply to them.
 
#4
Thank you Jane, I earn above the threshold , it's the money in the bank I'm concerned about... savings? Xxx
 

Jane BM

Well-Known Member
#5
Thank you Jane, I earn above the threshold , it's the money in the bank I'm concerned about... savings? Xxx
You don't need any. Not if you're above the earnings threshold. Be good if it didn't show a major overdraft each month...lol...but you don't need to have savings.
 

Chez125

Active Member
#6
I had no savings and a large overdraft due to travelling back and forth to see my hubby and all ignored! As long as you earn over £18600 makes no difference. You can be in huge debt and as long as you meet the earnings requirement all disregarded.
 

Kris

Administrator
Staff member
#7
There is an actual savings ratio I was told/read something like 3 years salary which can be used to support "independently wealthy" applications.

Probably best to double check that
 

Jane BM

Well-Known Member
#8
There is an actual savings ratio I was told/read something like 3 years salary which can be used to support "independently wealthy" applications.

Probably best to double check that
Yes...if you go onto the financial requirement page on the UKBA site. There's an annex on the right hand side numbered FM1.7.....there's a table on page 42 to calculate the savings required to meet the financial side.
 

rosanna

Member
#9
Yes...if you go onto the financial requirement page on the UKBA site. There's an annex on the right hand side numbered FM1.7.....there's a table on page 42 to calculate the savings required to meet the financial side.
Hi is this just for people who don't meet the financial requirement ? X
 

Jane BM

Well-Known Member
#10
Hi is this just for people who don't meet the financial requirement ? X
Yes...lolololololol..it's just for people who either earn less than the financial element or who don't work at all and are trying to meet the financial side from savings. Panic over Rosanna...;)
 

rosanna

Member
#11
Yes...lolololololol..it's just for people who either earn less than the financial element or who don't work at all and are trying to meet the financial side from savings. Panic over Rosanna...;)
Hahaha u Sussed me out jane I'm in total panic mode lol
 

rosanna

Member
#12
I had no savings and a large overdraft due to travelling back and forth to see my hubby and all ignored! As long as you earn over £18600 makes no difference. You can be in huge debt and as long as you meet the earnings requirement all disregarded.
Hi I hope u don't mind me messaging you but I saw your post I'm in a. Bit of a panic as we applied for my hubby's visa 8 weeks ago now I have had a large overdraft for some time which I'm unable to get rid of due to frequent travel and phone bills of around £200 per month ! I used a solicitor who advise me to submit saving account not current account bills ( overdrawn account ) now I have had an e mail from embassy saying if I don't submit current account the visa app will fail !! Do u know of many people who have had overdrafts when applying for visa ! Any advice would be greatly appreciated
 

Jane BM

Well-Known Member
#13
Hi I hope u don't mind me messaging you but I saw your post I'm in a. Bit of a panic as we applied for my hubby's visa 8 weeks ago now I have had a large overdraft for some time which I'm unable to get rid of due to frequent travel and phone bills of around £200 per month ! I used a solicitor who advise me to submit saving account not current account bills ( overdrawn account ) now I have had an e mail from embassy saying if I don't submit current account the visa app will fail !! Do u know of many people who have had overdrafts when applying for visa ! Any advice would be greatly appreciated
Rosanna as long as it's an authorised overdraft then it shouldn't affect the application.

Daft solicitor advising you not to submit them...
 

rosanna

Member
#14
Rosanna as long as it's an authorised overdraft then it shouldn't affect the application.

Daft solicitor advising you not to submit them...
Exactly jane ! I would advice all members don't waste your money on a solicitor that could pay for 4 flights to tunisia !!!
 

Chez125

Active Member
#15
I agree with jane. Can't understand why solicitor said that. Lots of people I know who have applied and been successful have overdrafts and the UKBA are not interested as long as you earn over the £18600 threshold any other debts you have don't matter.
 

rosanna

Member
#16
I agree with jane. Can't understand why solicitor said that. Lots of people I know who have applied and been successful have overdrafts and the UKBA are not interested as long as you earn over the £18600 threshold any other debts you have don't matter.
Thank you I feel better now I will get this sorted tomorrow and fax a covering letter in my words stuff solicitor !!
 

Jane BM

Well-Known Member
#17
Thank you I feel better now I will get this sorted tomorrow and fax a covering letter in my words stuff solicitor !!
I've replied to your pm Rosanna.....now BREATHE!!! Lol
 
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