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PSW to Tier 1, 50K

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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johnson8821
Newly Registered
Posts: 12
Joined: Wed Feb 27, 2013 3:57 pm

PSW to Tier 1, 50K

Post by johnson8821 » Wed Feb 27, 2013 4:08 pm

Dear all,

Just now, I found this forum which I believe that my question will be answered. Basically, I am holding a PSW visa at the moment which will be expired Oct. 2013. I am thinking of applying for the Tier 1 (Entrepreneur) visa, with 50K. And I have the following questions when looking at the home office website:

1. The 50K is currently in a bond with xxx bank. Wonder if this is classified as 'disposable' and hence grant me 25 points?

2. I will be applying National Insurance no. and register with HM revenue and Customs as self-employed in two weeks time, but I have no idea how to show that I am 'engaged in business activity'. I am planning to trade on ebay, does that count? and how do I ensure that the business activity is above 'level 4' ? (the information on the home office website doesn't really help me understanding the requirement)

Hope I have explained my concerns clearly and looking forward to kind helps! Many thanks

johnson

:?: :?:

Lucapooka
Respected Guru
Posts: 7616
Joined: Sun Aug 14, 2011 10:30 am
Location: Brasil

Post by Lucapooka » Wed Feb 27, 2013 9:51 pm

1. Para 169: financial instruments such as shares, bonds, overdrafts, credit cards, pension funds etc, are not acceptable, regardless of notice period.
2. http://www.ukba.homeoffice.gov.uk/sitec ... e2012-cop/

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