just wondered how non employment earnings is worked out for spouse visa,, i was lucky enough to be left shares and money which i have £35,000 in saving then i get about 10,000 in dividend payouts a year as im doing spouse visa is this enough ,, as i am aware each persons circumstances are different ,im not working as i live of dividends at the moment and i understand savings can be £62,000 the table changes as to the amout of savings please could someone advised me as im getting married in november and hoping to do visa while im in philippines
with £10000 income you would need £37,500 in savings you need another 1000 a year of income or £2500 savings http://crossborderlegal.co.uk/content/spouse-visa-income-threshold-savings-calculator/
To be exempt from the financial requirement you need £62,500 in savings which has been held for six months before the visa application, you must have instant access to these funds, they cannot be tied up in any way.
Take a look at the information below, I'm sure it will give you all the information you need combining dividends and cash savings to meet the financial requirement;
Hi thanks for your advice my freind who is very street wise told me last night he asked his freind whos a lawyer about this same question i put to you the lawyer told him he said as long as he has over £62,000 weather its tied up or not that would be okay to get things done, but according to what you have explained to me im begining to question that now i have more than that amount but its all tied up in stocks and shares so looks like i have problem now if according to what you say the cash has got to be get at able easy access to it? i have £35,000 in bank thats what i can access at moment the rest is tied up. i get an annual dividend pay out each quarter of around £2000 every 3 months plus around another £2000 anually from another policy i have thus totalling £10,000 all together . looks like i need to add extra to my savings really to progress further with this otherwise im going to face difficulties along the way. thanks for your advice sincerly mark.
Yes, if you look at section 7.4.3 in the financial requirement summary it clearly states that the funds must be held as cash. Remember that you can combine your dividends with cash savings. Which ever route you take just make sure that you outline your finances clearly in your application, the application is time consuming, stressful and expensive so you are being shrewd by weighing up your financial options. Good luck
Thanks yeh ill put a bit more into my bank account i think to be more sure as i dont want to waste £1,500 on a visa only to have to redo it again and pay another amount cos i messed up so if i had the £62,000 divided in my 2 separate bank accounts hopefully that would be okay? thanks your advice and help i choose to beleive your advice not my so called street wise freind as he could cost me dearly i think if i listened to him thanks best wishes mark.
Two accounts would be fine as long as the money is immediately accessible and amounts to £62,500 which has been held for at least six months. I will be using cash savings myself for my wife's second FLR(M) early next year so I have put a little time in researching the exact requirements so I do not get tripped up by the UKVI. Getting the finances right is paramount for a successful settlement visa application, we have to remember that the case worker dealing with our applications is looking for the slightest reason to decline the visa as you will probably have already guessed. You may also consider using a immigration advisor for your application but it will not guarantee securing the visa and it will be you who is chasing around to amass all the required paperwork for the application. All the information for a successful application can be found within this forum, there are no immigration experts here but there are a lot of people who have already gone through the exact same process and use their experiences to help others in the same boat so to speak. If you have any specific questions about the visa process then someone here will point you in the right directions, and do not be frightened of asking silly questions here too, there are no silly questions here on the forum
Thanks again for all your help much appreciated i am really in the dark about all of this as all this is so new to me to be real honest with you i havnt got much understanding on how to go about any of this what little ive learnt ive just picked it up from my freind and others like yourself really i was bit dissapointed with my freind he is married to a philippine lady but his always on the phone and out in his van most the time so not much help to me really i often thought many a time of just throwing in the towel as all this seems so complex really i told my freind that he said no its not complicated at all its a piece of cake he said Haa i thought yeh pull the other one its got bells on well so far to me it does appear to seem so complex all of it as theirs so much to get right and prepare and do. my freind did tell me when i go out their next to philippines to take my lap top computer because the embassy or authorities for the visa application will want to see evidence of my g.mail address is this correct do you know i wouldnt of thought that mattered really as why would they need to know that i thought? thanks regards mark.
Unfortunately the visa application is not a piece of cake, I am guessing your friend went through the visa process before 2012 when there was no financial requirement needed and the settlement visa term was just 2 years instead of todays 5 years. If you bring your good lady to the UK to marry then you will have four visas to apply for over the five year period, Fiancée visa (Marriage Settlement Visa - 6 month validity), after marriage you then apply for first FLR(M) (Further Leave to Remain - married) which lasts for 2.5 years after which you apply for the second FLR(M) (2.5 years) then it is the ILR (Indefinite Leave to Remain) then you are home and dry. After this time the wife can apply for British Citizenship if required. Take a look at the links below, they will give you a good understanding of the process, looks daunting at first but it gets a lot easier once you gain an understanding of what you are aiming for. It is important to remember that you need to meet the financial requirement for all the visa applications on the five year route, it is not until you apply for the ILR that the financial requirements are relaxed. http://www.british-filipino.com/ind...r-a-partner-spouse-visa-under-new-rules.5740/ http://www.british-filipino.com/index.php?threads/spouse-visa-online-application.9773/ http://www.british-filipino.com/ind...he-philippines-and-settlement-in-the-uk.9718/
Hi again hope your okay i just liked to know if the visa application is rejected because we havnt done it right or met the requirements / standards etc, do i have to then pay another £1,500 to re-apply for another one? regards thanks sincerly mark.
yes--if your application is rejected because you fail to meet the requirements then you do have to pay to re-apply. sometimes an appeal is possible--but that can take months--with no guarantee of a positive outcome. to put it simply--if you think your application looks flawed--dont submit it--put it right.
Appeal is only worth doing if you know that theyve screwed up a legitimate application, just like we have seen on here today.
Thanks for your reply wow thats sore! tough! so every time i re-apply you mean itll cost me £1,500 ????
No second chance I'm afraid as bigmac stated unless you have the right to appeal, if you were married for example and applied for a spouse visa you would get the £600 back for the NHS surcharge that you paid within 90 days. There is no reason you will fail, if you study the requirements and ask a few questions here on the forum then you should be successful.
Its not just the money, once you apply you begin to plan your future together, its human nature, so there is the emotional side to take into consideration too when the visa is declined.
