prabhu_singhin wrote:I am going to apply for ILR on Jan 2011
Jan 2011 has passed us by!
Anyhow,
You cannot make a joint application for settlement (e.g. - include dependants in the same application and pay reduced fees for dependants) under long residence.
If you wish to apply at the same time as your dependants then you will need to wait until they too become eligible for settlement. Given that this option will offer no financial benefit, I don't see a point in you waiting.
I share vinny's suggestion that you should apply first as and when you become eligible.
As mentioned above, your UK-born-child doesn't need to apply for settlement. After either parent is granted settlement, he/she will be entitled to registration as British citizen.