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Question regarding funds

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

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hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Question regarding funds

Post by hnav » Sun Jun 30, 2013 4:03 pm

Hi

I have a question thats if some one apply before 31 jan 2013 when rules changes about 50k keep in account unless spend on business and he need to maintain 50k from 31 jan 2013 since rules changes or from march when rules change letter received from UKBA.

If someone applied before 31 jan 2013 and did not maintain 50 k because it was not in policy guidance before 31 jan 2013 and as soon as he knew about new rules then start to maintain 50 k back in his account.

Any suggestions
Much appreciated
Last edited by hnav on Sun Jun 30, 2013 5:39 pm, edited 1 time in total.

Entrepreneur9
Member of Standing
Posts: 290
Joined: Sat Mar 02, 2013 11:14 pm

Re: Question regarding funds

Post by Entrepreneur9 » Sun Jun 30, 2013 5:34 pm

I think the question is for Rehan.

So please wait for his reply.

The best thing to do is to pm him instead of posting this on the forum. As this is not the right place.

hnav wrote:Hi Rehan

I have a question thats if some one apply before 31 jan 2013 when rules changes about 50k keep in account unless spend on business and he need to maintain 50k from 31 jan 2013 since rules changes or from march when rules change letter received from UKBA.

If someone applied before 31 jan 2013 and did not maintain 50 k because it was not in policy guidance before 31 jan 2013 and as soon as he knew about new rules then start to maintain 50 k back in his account.

Any suggestions
Much appreciated

hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Sorry mate

Post by hnav » Sun Jun 30, 2013 7:23 pm

Sorry mate

This question is not for particular person, I Put Rehan name by mistake i realised that putting on his page, please do not mind, I change it now any one can suggest on it

Much appreciated

Entrepreneur9
Member of Standing
Posts: 290
Joined: Sat Mar 02, 2013 11:14 pm

Re: Sorry mate

Post by Entrepreneur9 » Sun Jun 30, 2013 7:44 pm

hnav - there is no problem at all. If you maintain 50K at present you would be fine.

They want to see that you still have access to 50K, which you have

so dont worry about the time in between where the funds were not maintained

Hope that helps
hnav wrote:Sorry mate

This question is not for particular person, I Put Rehan name by mistake i realised that putting on his page, please do not mind, I change it now any one can suggest on it

Much appreciated

Darvesh
Member of Standing
Posts: 444
Joined: Wed Feb 27, 2013 11:44 pm
Location: London
United Kingdom

Post by Darvesh » Sun Jun 30, 2013 9:59 pm

changes announced on 31jan2013 were for those who applied before or after that date...its applicable on all those application which were being processed at that time as well as all new application.

funds must be maintained during application time as well as after visa approved unless it spent.

hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Letter received on March 13

Post by hnav » Sun Jun 30, 2013 10:39 pm

But the letter of rules changing received on March those who applied before 31 jan 2013. That's sure person who applied before 31 jan 13 will follow policy guidance of that time and if they change rules must inform every one with written notice on Jan 2013

But letter of changes received on March thats means person who applied before 31 jan 13 must maintain 50 k from march to onwards

Any Suggestion Guys

Much appreciated

Darvesh
Member of Standing
Posts: 444
Joined: Wed Feb 27, 2013 11:44 pm
Location: London
United Kingdom

Post by Darvesh » Sun Jun 30, 2013 11:13 pm

u better raise this question with ukba that why they announced and implemented some changes but never inform ppl immediately after that rather in March2013.

letter n spirit of of T1E says u shud posses required funds all time and must invest b4 an extension application.

why u argue that u wanna maintain funds from march rather from date of application?????

its simple either u have funds or either u dont have. no ifs or buts....

hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Post by hnav » Sun Jun 30, 2013 11:28 pm

I am not arguing just explain you situation. Someone applied before 31jan13 with the help of policy guidance before 31 jan 13 and they change policy and that person never knew about it as soon as he knew he maintain all funds and by the time on March received UKBA changes letter

What would you like to say

Entrepreneur9
Member of Standing
Posts: 290
Joined: Sat Mar 02, 2013 11:14 pm

Post by Entrepreneur9 » Sun Jun 30, 2013 11:32 pm

Darvesh - cool down lol
Darvesh wrote:u better raise this question with ukba that why they announced and implemented some changes but never inform ppl immediately after that rather in March2013.

letter n spirit of of T1E says u shud posses required funds all time and must invest b4 an extension application.

why u argue that u wanna maintain funds from march rather from date of application?????

its simple either u have funds or either u dont have. no ifs or buts....
8) 8) 8)

Legal83
Member
Posts: 200
Joined: Sun May 26, 2013 6:32 pm

Post by Legal83 » Sun Jun 30, 2013 11:37 pm

according to Jan 2013 changes, doesn't matter if u applied b4 Jan or after Jan, comes under new rules,,, if application in process.

hnav
Junior Member
Posts: 71
Joined: Sun Jun 30, 2013 4:48 am

Post by hnav » Sun Jun 30, 2013 11:55 pm

So any body have seen refusal on thats bases Funds were not maintained though out application process.

KickAss
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Joined: Mon Jan 02, 2012 8:36 pm
Location: Surrey

Post by KickAss » Mon Jul 01, 2013 7:38 am

As soon as you knew you are maintaining funds.....
So that's fine. Chillex and enjoy the wait ! ;)
Dont PM me.. Post it on the Forum ! It will help everyone :)
You can PM me the link or something specific to you.

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