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sushdmehta wrote:Gross income of £18600 per year.
If less than that, then:
Assume your gross annual income to be X.
You'll need: X + savings of (((18600 - X) * 2.5) + 16000) to be held for at least 6 months.
Based on the formula above:
If X is 3000, then you'll also need savings of £55000 held for at least 6 months.
If X is 0, you will need £62500 in savings .. to be held for at least 6 months.
...and so on.