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FINANTIAL REQUIREMENT
Posted: Thu Feb 11, 2021 3:57 pm
by kikalees
DATE OF APPLICATION: FEB 19th 2021
5 yrs Family Route
Settlement
My partner and I need to combine our incomes to meet the financial requirements for my ILR visa application.
I have had my current (unsalaried) job for less than 6 months so I will be using Category B.
My partner is self-employed and the best figure for him would be an average of the last two full financial years - 2018/19 and 2019/2020.
The guidance states that in my case, I will need to show both current annual income, and total income for the 12 months prior to the date of application. This gives me a time period for the last 12 months. However, the time period for my partner would be for the last two full financial years. We are under the impression that if combining our incomes to meet the requirements, our time periods must correspond, but this doesn’t seem possible for us, can anyone please clarify what we need to do in this instance?
Your advice would be highly appreciated. Thank you!
Re: FINANTIAL REQUIREMENT
Posted: Sat Feb 13, 2021 10:59 am
by TODMATT
kikalees wrote: ↑Thu Feb 11, 2021 3:57 pm
DATE OF APPLICATION: FEB 19th 2021
5 yrs Family Route
Settlement
My partner and I need to combine our incomes to meet the financial requirements for my ILR visa application.
I have had my current (unsalaried) job for less than 6 months so I will be using Category B.
My partner is self-employed and the best figure for him would be an average of the last two full financial years - 2018/19 and 2019/2020.
The guidance states that in my case, I will need to show both current annual income, and total income for the 12 months prior to the date of application. This gives me a time period for the last 12 months. However, the time period for my partner would be for the last two full financial years. We are under the impression that if combining our incomes to meet the requirements, our time periods must correspond, but this doesn’t seem possible for us, can anyone please clarify what we need to do in this instance?
Your advice would be highly appreciated. Thank you!
Combining CAT B and CAT F is allowed, however the guidance is very vague on how both of them can be combined together
Condition 1 of CAT B
Your income (Calculate your income using the non salaried formula mentioned in the guidance)
Your partner CAT G ( Add net profit of the last 2 financial year divide by 2).
Condition 2
You need to ensure your partner's income fall into the same financial year as you. You would probably have to count his income from self employed from the last 12 months and not last 2 financial year instead last financial year because it won't make sense combining last 2 financial year in these case to meet the second condition of CAT B.
Re: FINANTIAL REQUIREMENT
Posted: Mon Feb 15, 2021 12:12 pm
by kikalees
Your opinion and feedback are highly appreciated! Thanks again!
Re: FINANTIAL REQUIREMENT
Posted: Tue Feb 16, 2021 2:02 pm
by kikalees
"You need to ensure your partner's income fall into the same financial year as you. You would probably have to count his income from self employed from the last 12 months and not last 2 financial year instead last financial year because it won't make sense combining last 2 financial year in these case to meet the second condition of CAT B."
Many thanks for your reply.
Neither my current non-salaried annual income/income earned in the last twelve months, or my partner's income for the last full financial year, or two years, would meet the financial requirement on their own, so we will need to combine our incomes. We do not have any other forms of income, at all.
If I understand correctly, you are suggesting that we ignore the rules regarding time periods (last 12 months for myself (applicant), under Category B, and last full financial year(s) for my self employed partner (sponsor), Category F or G, which only overlap by a few months), and just use the last twelve month's income for my partner, to match my time period. Is there any reason to think that this would be accepted?