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ILR 5 years route British Spouse. Cash Savings

Only for queries regarding Indefinite Leave to Remain (ILR). Please use the EU Settlement Scheme forum for queries about settled status under Appendix EU

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daystone
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ILR 5 years route British Spouse. Cash Savings

Post by daystone » Fri Oct 18, 2024 8:52 am

ILR 5 years route British Spouse. Cash Savings


I would like to hear from anyone who had the experience of submitting the required documents to satisfy the financial requirements under cash savings only please.
I have the savings held in my ISA for over a year now which meets the threshold required.
1- Is ISA statement from my bank will be ok?
2- Is there any sample or draft letter in regards to that declaration statement needed I can use?
3- Is that all? Or any further evidence will be needed under this category?
4- Is that category a straightforward to be approved if meeting the threshold required?

Thank you so much

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zimba
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Re: ILR 5 years route British Spouse. Cash Savings

Post by zimba » Fri Oct 18, 2024 1:31 pm

1.
For example, in the UK a ‘stocks and shares’ Individual Savings Account (ISA) does
meet the definition of a savings account and the funds can be considered as cash
savings if all the requirements above are met. Likewise, a pension savings account
from which savings can be immediately withdrawn.
2. There is no template for the declaration

3.
In respect of cash savings, the following must be provided:
• personal bank statements showing that at least the level of cash savings relied
upon in the application has been held in an account or accounts in the names
of the person and their partner jointly throughout the period of 6 months prior to
the date of application
• a declaration by the account holder or holders of the source or sources of the cash savings
4. Yes

Read the official guide: https://assets.publishing.service.gov.u ... rement.pdf
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

daystone
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Re: ILR 5 years route British Spouse. Cash Savings

Post by daystone » Fri Oct 18, 2024 5:37 pm

Thank you so much for your reply

daystone
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Re: ILR 5 years route British Spouse. Cash Savings

Post by daystone » Wed Oct 23, 2024 10:48 am

Cash savings with 2 years fixed term Cash ISA account:

Dear all,

I wonder if anyone who could confirm that relying on Cash ISA fixed term 2 years which will mature next year could be be acceptable to be relied on if it is used in my ILR 5 years Set M this month? Someone made me worry that the Home Office might reject it as it is fixed term saving and not kind of instant saving account. I hope someone might have gone through this before and could advise further please
Thanks

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zimba
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Re: ILR 5 years route British Spouse. Cash Savings

Post by zimba » Wed Oct 23, 2024 1:05 pm

I gave you the guide to read but it seems you were not bothered at all.
These are the requirements that must be met:

• the bank/savings account is a current, deposit or investment account
• the account is held is a financial institution regulated by the appropriate
regulatory body for the country in which that institution is operating
• regular bank statements are provided
• the statements cover the necessary time period required in the Immigration Rules
• the savings are held in cash (or their cash value is clear)
• the savings can be immediately withdrawn (with or without penalty)
• the funds are under the control of the person and/or their partner for the
necessary time period required in the Immigration Rules • the source of the funds is legal
• the source of the funds has been declared
READ THE GUIDE :!: :!:
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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