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Cash savings 6month requirement question!

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epage13
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Posts: 2
Joined: Thu Jun 08, 2017 7:54 pm

Cash savings 6month requirement question!

Post by epage13 » Thu Jun 08, 2017 8:05 pm

I am currently on a Tier 4 visa (MA degree) valid until January 2018, and am going to marry my (UK-citizen) fiance in a week (!) I plan to apply for Leave to Remain using cash savings to meet the financial requirement (as neither of us meets it through income yet, full-time students).

In April I withdrew sufficient funds to meet the requirement from a trust fund and put them in a savings account. I know that I can apply for a visa six months after that money hit the account (October).

However I would love to be able to apply sooner than that. My question is, does anyone know if it is possible to show that the money was sufficiently "under my control" while it was still in the trust fund? I know that for example with a property investment, you do not have to liquidate it six months before applying, you just have to show that you owned the house (for example) for at least that long.

If this is possible, what kind of documentation would be required? Would a letter from the trustee and a copy of the trust saying that I am a beneficiary be enough? Does it have to be bank statements? Am I better off just waiting until October?

Thanks for any clues or advice!

SimonS
Member
Posts: 222
Joined: Mon Feb 27, 2017 2:23 pm
Location: Manchester, United Kingdom

Re: Cash savings 6month requirement question!

Post by SimonS » Thu Jun 08, 2017 8:48 pm

Hi epage,

first off, I'm not an expert or a lawyer. However, my answer to your question would be YES, based on the following excerpt from Appendix FM SE -The Rules

https://www.gov.uk/guidance/immigration ... d-evidence

Paragraph 11

(c) Funds held as cash savings by the applicant, their partner or both jointly at the date of application can have been transferred from investments, stocks, shares, bonds or trust funds within the period of 6 months prior to the date of application, provided that:
(i) The funds have been in the ownership and under the control of the applicant, their partner or both jointly for at least the period of 6 months prior to the date of application.
(ii) The ownership of the funds in the form of investments, stocks, shares, bonds or trust funds; the cash value of the funds in that form at or before the beginning of the period of 6 months prior to the date of application; and the transfer of the funds into cash, are evidenced by a portfolio report or other relevant documentation from a financial institution regulated by the appropriate regulatory body for the country in which that institution is operating.

Hope this helps.

Kind regards
Simon
I'm not an expert and only answer from my personal experience and understanding of the rules. Spouse Settlement Visa Granted for my wife July 2017. You should not take my advice as absolute.

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