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Hi

I will be applying for ILR in a few months and had a question about income and savings. I currently have £35,000 in savings which I've had for 8 months now and and am self-employed with an income of about £10,000 from last financial year. My partner also works and has annual salary of £11,000. She has been in this job for two years. I understand that cash savings and self-employment income can't be combined but if I declare all three will it be okay to be on safe side?
i.e £35,000 cash savings satisfies £34,600 requirement
£10,000 self employment income + £11,000 partner income satisfies £18,600 income

Will this be okay?

I'm applying using savings too and I'm pretty sure it's only £34,600 required for ILR stage. I won't be declaring any income even though I'm employed and earn above the minimum. I did the same for FLR (savings had to be £62,500 I think at the time)

wootme wrote: ↑

Fri May 14, 2021 3:58 pm

I'm applying using savings too and I'm pretty sure it's only £34,600 required for ILR stage. I won't be declaring any income even though I'm employed and earn above the minimum. I did the same for FLR (savings had to be £62,500 I think at the time)

Thanks, so if I decide to only show savings, they wouldn't investigate where this came from and would only look at bank statements? I thought to be safe I add the income as well so they know how I am saving.

yasir152 wrote: ↑

Fri May 14, 2021 4:12 pm

wootme wrote: ↑

Fri May 14, 2021 3:58 pm

I'm applying using savings too and I'm pretty sure it's only £34,600 required for ILR stage. I won't be declaring any income even though I'm employed and earn above the minimum. I did the same for FLR (savings had to be £62,500 I think at the time)

Thanks, so if I decide to only show savings, they wouldn't investigate where this came from and would only look at bank statements? I thought to be safe I add the income as well so they know how I am saving.

I've used savings routes for initial visa and FLR. Both times you I had to attach a letter stating the source of the savings. For us it was just "savings accumulated through our years of work". We also attached the 6 month bank statements.

I didn't have any issues either time but when I did FLR I paid for same day decision (whatever it was called then) and it did take about 2 months to hear back from them. No problems during initial visa though.

wootme wrote: ↑

Sat May 15, 2021 12:17 pm

yasir152 wrote: ↑

Fri May 14, 2021 4:12 pm

wootme wrote: ↑

Fri May 14, 2021 3:58 pm

I'm applying using savings too and I'm pretty sure it's only £34,600 required for ILR stage. I won't be declaring any income even though I'm employed and earn above the minimum. I did the same for FLR (savings had to be £62,500 I think at the time)

Thanks, so if I decide to only show savings, they wouldn't investigate where this came from and would only look at bank statements? I thought to be safe I add the income as well so they know how I am saving.

I've used savings routes for initial visa and FLR. Both times you I had to attach a letter stating the source of the savings. For us it was just "savings accumulated through our years of work". We also attached the 6 month bank statements.

I didn't have any issues either time but when I did FLR I paid for same day decision (whatever it was called then) and it did take about 2 months to hear back from them. No problems during initial visa though.

Thanks for confirming. Ill do this as well then.