ILR Cash Savings specifics
Posted: Thu Jun 27, 2024 2:53 pm
Hello all,
We will be submitting out ILR application for my Spouse next month using the Cash Savings route, and I'd like some advice/confirmation on the following please.
We will provide evidence of 6-months Cash Savings over £34,600 between two Instant Access Cash ISAs - one for my wife (applicant) and one for me (sponsor).
1. My wife will provide her P60s from 2022/3 and 2022/4 as proof of savings from employment income, along with her Cash ISA statements showing a minimum of £15,009 for 6 months to July 1st. Will the P60s be sufficient proof of source of funds, along with her signed Declaration letter?
2. I will show £21,453 as gifted money in separate amounts in 2022 and 2023 from my mother after she sold her house. I will submit my Cash ISA statements showing a minimum of £20,275 for 6 months to July 1st. The gifted money went into our joint current and savings accounts, and was later moved to my ISA over 6 months ago. As evidence of the source of funds, I plan to submit proof of my mother's house sale. I will also submit bank statements showing several transfers of gifted money from her account to mine in 2022 and 2023, as well as a signed Declaration letter. Is this sufficient, or am I overdoing it? Am I missing anything?
I realize this may be a bit complicated, and hope someone can advise me, and hopefully help others in this situation.
Thank you for helping us through this stressful time.
Roger
We will be submitting out ILR application for my Spouse next month using the Cash Savings route, and I'd like some advice/confirmation on the following please.
We will provide evidence of 6-months Cash Savings over £34,600 between two Instant Access Cash ISAs - one for my wife (applicant) and one for me (sponsor).
1. My wife will provide her P60s from 2022/3 and 2022/4 as proof of savings from employment income, along with her Cash ISA statements showing a minimum of £15,009 for 6 months to July 1st. Will the P60s be sufficient proof of source of funds, along with her signed Declaration letter?
2. I will show £21,453 as gifted money in separate amounts in 2022 and 2023 from my mother after she sold her house. I will submit my Cash ISA statements showing a minimum of £20,275 for 6 months to July 1st. The gifted money went into our joint current and savings accounts, and was later moved to my ISA over 6 months ago. As evidence of the source of funds, I plan to submit proof of my mother's house sale. I will also submit bank statements showing several transfers of gifted money from her account to mine in 2022 and 2023, as well as a signed Declaration letter. Is this sufficient, or am I overdoing it? Am I missing anything?
I realize this may be a bit complicated, and hope someone can advise me, and hopefully help others in this situation.
Thank you for helping us through this stressful time.
Roger