New Income threshold

crb · Post by **crb** » Wed Jun 13, 2012 7:56 pm

http://www.ukba.homeoffice.gov.uk/sitecontent/documents/policyandlaw/statementsofchanges/2012/hc194.pdf?view=Binary wrote:Financial requirements
E-ECP.3.1. The applicant must provide specified evidence, from the sources listed in
paragraph E-ECP.3.2., of-
(a) a specified gross annual income of at least-
(i) £18,600;
(ii) an additional £3,800 for the first child; and
(iii) an additional £2,400 for each additional child; alone or in combination
with
(b) specified savings of-
(i) £16,000; and
(ii) additional savings of an amount equivalent to 2.5 times the amount
which is the difference between the gross annual income from the
sources listed in paragraph E-ECP.3.2.(a)-(d) and the total amount
required under paragraph E-ECP.3.1.(a);

Help me understand this please.........

If someone has a bank balance of 16000 in his bank account....will it be sufficient to fullfill maintainence requirement to bring wife .......if so how long does one have to maintain such balance!!

Post by **Greenie** » Wed Jun 13, 2012 7:59 pm

Are you making the application before or after 9th July?

Do you also have an income from employment?

crb · Post by **crb** » Wed Jun 13, 2012 8:02 pm

probably after 9 july......as i am still only on part time employment....with £4000 savings....

Post by **Greenie** » Wed Jun 13, 2012 8:02 pm

crb wrote:probably after 9 july......as i am still only on part time employment....with £4000 savings....

how much are you earning?

crb · Post by **crb** » Wed Jun 13, 2012 8:05 pm

income about £650pm.....rent/utilities about 400pm

Post by **Greenie** » Wed Jun 13, 2012 8:07 pm

crb wrote:income about £650pm.....rent/utilities about 400pm

are you claiming WTC?
Utilities don't matter - it's just rent and council tax that need to be deducted?

crb · Post by **crb** » Wed Jun 13, 2012 8:08 pm

no claimimng nothing at the moment.......

Post by **Greenie** » Wed Jun 13, 2012 8:23 pm

You should have a look to see if you qualify for WTC

http://www.hmrc.gov.uk/taxcredits/payme ... w-much.htm

without additonal income or more savings you wouldn't qualify under the current rules. If you qualified for WTC the chances are you would meet the income requirement under the old rules but you would not be able to apply for it and recieve it in time before the rules change.

In answer to your question regarding the new rules, no £16,000 would not be enough. You need to have £16,000 plus the amount of shortfall in your income multiplied by 2.5 years (the length of the visa)

£16,000; and
(ii) additional savings of an amount equivalent to 2.5 times the amount
which is the difference between the gross annual income from the
sources listed in paragraph E-ECP.3.2.(a)-(d) and the total amount
required under paragraph E-ECP.3.1.(a);

So if you were earning £14,000 a year, you would have a shortfall of £4,600 per year, and therefore would need to show £16,000 + (£4,600 x 2.5) in savings i.e. a total of £27500 in savings

crb · Post by **crb** » Wed Jun 13, 2012 8:30 pm

thank you for clearing that up for me........anyway who has that much of savings!!!!!

Post by **Greenie** » Wed Jun 13, 2012 8:33 pm

crb wrote:thank you for clearing that up for me........anyway who has that much of savings!!!!!

I think that's the point...

crb · Post by **crb** » Wed Jun 13, 2012 8:41 pm

18600/12 =1550, so say i get a new job earning 1550 before deductions like tax/ni....how long before my wife can apply...i mean how many monthly payslips would be sufficient.......

Post by **Greenie** » Thu Jun 14, 2012 9:10 am

crb wrote:18600/12 =1550, so say i get a new job earning 1550 before deductions like tax/ni....how long before my wife can apply...i mean how many monthly payslips would be sufficient.......

answered in the statement of intent.

crb · Post by **crb** » Thu Jun 14, 2012 1:49 pm

do i meet the requirements under old rule!!!

my income details...

past fiscal year income 12700 before tax.....upto april 2012
earnings before tax, april = 672 ...may = 860.......june =1250

monthly rent+tax (850/2 = 425 ) shared house......

bank detais
JAN in 500 out 900 balance 1500
FEB in 1700 out 800 balance 2400
March in 0 out 800 balance 1600
May in 1300 out 900 end 2300

Post by **Greenie** » Thu Jun 14, 2012 2:19 pm

it's net pay and not gross pay that they look at under the current rules.

Why is your June pay so much higher than previous months? If this is going to be your regular income you would need to show it, but if it's just a one off they won't take that as your regular income.

why is are your deposits in your account completely different to what you are earning?

crb · Post by **crb** » Thu Jun 14, 2012 2:26 pm

Greenie wrote:it's net pay and not gross pay that they look at under the current rules.

Why is your June pay so much higher than previous months? If this is going to be your regular income you would need to show it, but if it's just a one off they won't take that as your regular income.

why is are your deposits in your account completely different to what you are earning?

June .... pay is due to overtime which is not easy to come by......
my income gets paid into my esavings a/c which i then transfer to my current a/c as n when i need/feel like.....

Post by **Greenie** » Thu Jun 14, 2012 2:29 pm

you can see the required figures for yourself in the opening post in this section. if the £1200 was just a one off if doesn't really help you. You need to be regularly earning the amount that you need to show that you have sufficient funds after rent and council tax are deducted, or a job offer showing that you will be earning this amount.

crb · Post by **crb** » Thu Jun 14, 2012 2:35 pm

a job offer !!........i know some one who owns a business (restaurant)....what would be required from him (business owner) to full fill job offer!!

Post by **Greenie** » Thu Jun 14, 2012 2:46 pm

well does he have a job for you that pays enough? and if he does why aren't you already working for him?!

crb · Post by **crb** » Thu Jun 14, 2012 2:51 pm

Greenie wrote:well does he have a job for you that pays enough? and if he does why aren't you already working for him?!

No real job there .....but if job offer means just a letter ...he may (not sure) write one for me!!

Post by **Greenie** » Thu Jun 14, 2012 2:59 pm

Do you really expect advice in this scenario?

crb · Post by **crb** » Thu Jun 14, 2012 3:04 pm

...sorry....please ignore that....

Gunner4 · Post by **Gunner4** » Thu Jun 14, 2012 10:35 pm

Greenie wrote:it's net pay and not gross pay that they look at under the current rules.

Why is your June pay so much higher than previous months? If this is going to be your regular income you would need to show it, but if it's just a one off they won't take that as your regular income.

why is are your deposits in your account completely different to what you are earning?

It is GROSS PAY not NET PAY

Post by **Greenie** » Fri Jun 15, 2012 4:08 am

Gunner4 wrote:
Greenie wrote:it's net pay and not gross pay that they look at under the current rules.

Why is your June pay so much higher than previous months? If this is going to be your regular income you would need to show it, but if it's just a one off they won't take that as your regular income.

why is are your deposits in your account completely different to what you are earning?
It is GROSS PAY not NET PAY

no its not, not under the current rules. They look at net pay minus housing costs.

crb · Post by **crb** » Fri Jun 15, 2012 4:30 am

Q1) for new rule....is it the income after or before tax/ni deductions????

Then as i understand under new rule u have to show atleast 6 months payslips/income.....(18600/12 = 1550pm) before or after tax unknown....

My current AND ONLY employment gives me abt {680-35(tax/ni)=645pm} from 72hrs pm

Q2) So if i get a new job then, old job+new job =1550pm (whichever before or after tax/ni).....6months pay slips from both jobs totalling at least 1550pm...then do I meet the income requirement without any doubt at alll????

Q3) weekly pay slips / monthly pay slips , how will this play out.........i mean my current job pays monthly.........my new job (2nd job )might pay weekly or fortnightly etc ......put otherwise £6.o8*60hrs per week = £364.8 (*4) = £1459.2pm (below 18600/12) , but (£6.08*60hrs per week*52 weeks) = 18969.6 per annum or 1580 per month....but angain if (6.08*60*48=17510 then i am screwed!!!...... .May be i am thinking too much ....but any clarification will be appreciated ....plZ.....

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New Income threshold