Hello People,
I'm applying for a Tier-1 (General) extension. I'm claiming 11 months earnings - 1 Feb 2011 - 31 Oct 2011 and 1 Dec 2011 - 31 Jan 2012.
Earnings are in the form of monthly salaries. Earnings for first 10 months is outside UK. For converting the earnings to GBP, as per the guidelines, I'm supposed to take the exchange rate on the last day of the period of earnings claimed.
Which one of the following cases should it be?
Case 1:: (Feb 2011 salary * Exchange rate on Feb 28 ) + (Mar 2011 salary * Exchange rate on Mar 31) + ...... (Oct 2011 salary * Exchange rate on Oct 31) + (Dec 2011 + Jan 2012)
If this is how it should be, then J5 of Section 3 in Tier 1 (General) Application Form should have
11 entries - 9 entries for 9 months of foreign salary with corresponding exchange rates and 2 entries for Dec 2011 and Jan 2012
OR
10 entries - For 9 months of foreign salary with corresponding exchange rates and 1 entry for Dec 2011-Jan 2012 since there is no exchange rate for this 2 month period
Case 2:: (Feb - Oct 2011 consolidated salary * Exchange rate on 31 Oct) + Dec 2011 + Jan 2012
If this is how it should be, then J5 of Section 3 in Tier 1 (General) Application Form should have
2 entries - 1 for 9 months of foreign salary with corresponding exchange rates and 1 entry for Dec 2011-Jan 2012
Looking forward to some advice.
Regards
Pavan
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