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how to calculate financial requirement?

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sweet fatima
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 4:10 pm

My visa expires on 25th august 2016...so i will post my application end of july

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Casa
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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 4:11 pm

sweet fatima wrote:My visa expires on 25th august 2016...so i will post my application end of july
Yes, see the edit in my last post. You can submit your application any time up until the 25th August. Good luck :)
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 4:13 pm

Thankyou soooo much for ur time i cant thank u enough :lol:

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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 4:46 pm

So for the question: you and your sponsors total combined income from salaried employment? I have to add up our 12 months wage slips together then put the combined total for the answer from june 15-june16

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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 4:50 pm

You'll be applying under Category B - variable income. Are you asked the same question under this category?
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 4:56 pm

I was applying in category a. Income from salaried employment. ....b is for self employment

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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 4:58 pm

If you're sure that Category B isn't for variable income, then that will be fine.

Just one point while you're here. have you looked into claiming Working Tax Credits as you're on a relatively low income at present?
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 5:00 pm

Category b is for income from self employment

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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 5:13 pm

Yea i did claim....im entitled to child tax credit only

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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 5:17 pm

Make sure you claim child tax credits in joint names and assuming you are posting at the moment as the sponsor, child benefit in your name only.
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sweet fatima
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 5:24 pm

I thought i wasnt allowed any benefits - no public funds. thats why only my sponsor (wife) get the child tax credit letters and awards on her names.

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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 5:44 pm

I know it may seem confusing but you are entitled to claim both WTC & CTC as long as these are made in joint names. Child benefit in your wife's name only. If your wife has submitted a claim for tax credits in her name only, she needs to change this as soon as possible.
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Re: how to calculate financial requirement?

Post by sweet fatima » Sun Jun 26, 2016 5:51 pm

Thanks so much. Really appriciate ur advice and time

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Re: how to calculate financial requirement?

Post by Casa » Sun Jun 26, 2016 6:01 pm

You're welcome. Post again if you get stuck with anything.
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Re: how to calculate financial requirement?

Post by yoyin » Sun Jun 26, 2016 8:30 pm

Under which category does case workers takes the mean average of salary over 6month period to calculate the earning over twelve months. Everyone talks about caseworker taking the lowest earning paid over 6month period to calculate the yearly earning but it states in the appendix that if on variable wages, the mean average will be worked out over the 6month multiplied by 12 will give the yearly earnings. Thanks

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Re: how to calculate financial requirement?

Post by ILR1980 » Mon Jun 27, 2016 12:25 am

yoyin wrote: Everyone talks about caseworker taking the lowest earning paid over 6month period to calculate the yearly earning but it states in the appendix that if on variable wages, the mean average will be worked out over the 6month multiplied by 12 will give the yearly earnings. Thanks
If a person is applying under CAT A of non salaried then they add up last 6 months pay and divide it 6 and multiply with 12 to count annual gross salary. They take lowest of last 6 montsh salary and multiply with 12 only if you have are in salaried employment i.e fixed pay each month : )
Last edited by ILR1980 on Mon Jun 27, 2016 12:28 am, edited 1 time in total.

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Re: how to calculate financial requirement?

Post by ILR1980 » Mon Jun 27, 2016 12:27 am

sweet fatima wrote:2015
Me:
June 1039.50
July 1729.00
Aug 1293.50
Sep 539.50
Oct 1332.00
Nov 1072.00
Dec 964.80
This seem to me non salaried. Are you sure that you in salaried employment as your pay vary each month?

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Re: how to calculate financial requirement?

Post by sweet fatima » Mon Jun 27, 2016 6:11 pm

Its like i can do the hours i want. Its salary from employment ....i am applying under category a. On flr m application form its only got these options:
Income from salaried employment
Income from self employment
Income not from employment
Income from pension and permitted benefits

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Re: how to calculate financial requirement?

Post by CR001 » Mon Jun 27, 2016 7:30 pm

List your partners income, per month, for the last 6 months.

The list your income per week, for the last 6 months.
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Re: how to calculate financial requirement?

Post by ILR1980 » Mon Jun 27, 2016 7:51 pm

sweet fatima wrote:Its like i can do the hours i want. Its salary from employment ....i am applying under category a. On flr m application form its only got these options:
Income from salaried employment
Income from self employment
Income not from employment
Income from pension and permitted benefits
You are non salaried in CAT A and calculation which CASA suggested earlier use for salaried employment of CAT A. For non salaried of CAT A you need to add up last 6 months salary and then divide by 6 and multiply with 12 to count gross salary. If your husband is in salaried employment then he need to calculate his earning as per formula of salaried employment which is taking the lowest earning from last 6 month and multiply it with 12. You boht then can add your gross salary to find out whether you meet the requirement

FLR(M) dont differentiate between salaried and non salaried employment so they boht come under salaried employment

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Re: how to calculate financial requirement?

Post by sweet fatima » Mon Jun 27, 2016 9:40 pm

Im getting really confused.

Below are mine and my wifes monthly earnings before any tax reduction from june 2015-june 2016. the figures i posted previously were wrong as i used the value after tax reduction.Now please tell me the calculation.

Mine:
June 1092
July 1729
Aug 1293.50
Sep 576.30
Oct 1332
Nov 1072
Dec 972.70
Jan 1306.50
Feb 1621.40
Mar 1514.20
Apr 2011.20
May 1969
June 1720.8

My wife (currently on mat leave since nov 2015.
Jun 600
Jul 600
Aug 600
Sep 600
Oct 600
Nov 549.24
Dec 623.10
Jan 498.48
Feb 498.48
Mar 623.10
Apr 498.48
May 498.48
Jun 498.48

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Re: how to calculate financial requirement?

Post by CR001 » Mon Jun 27, 2016 9:59 pm

I can't see how you would meet the financial requirement as HO would take the lowest pay for each of you to base their calculations.

FLR(FP) might be the best option if you don't meet the salary requirement.
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Re: how to calculate financial requirement?

Post by ILR1980 » Mon Jun 27, 2016 10:16 pm

sweet fatima wrote: Mine:

Jan 1306.50
Feb 1621.40
Mar 1514.20
Apr 2011.20
May 1969
June 1720.8

My wife (currently on mat leave since nov 2015.

Jan 498.48
Feb 498.48
Mar 623.10
Apr 498.48
May 498.48
Jun 498.48
You seem in non salaried so by adding your last 6 months = £10,143.1 divided by 6 and multiply by 12=£20,286.2 gross annual salary

so you satisfy the requirement without even including your wife salary who i assume is in salaried employment
Last edited by ILR1980 on Mon Jun 27, 2016 10:21 pm, edited 1 time in total.

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Re: how to calculate financial requirement?

Post by ILR1980 » Mon Jun 27, 2016 10:19 pm

CR001 wrote:I can't see how you would meet the financial requirement as HO would take the lowest pay for each of you to base their calculations.
.
This calculation is only if you are in salaried employment but his own salary vary to each month which might suggest that he is in non salaried employment of CAT A.

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Re: how to calculate financial requirement?

Post by sweet fatima » Tue Jun 28, 2016 8:08 am

What is non salaried employment? I phoned up one solicitor he said i could use p60 amounts to calculate year salary.....she said as long as im sending my payslips to support this. Previously to sponsor my fiance and then switch to spouse visa i used the p60 amounts. You are now all confusing me :?

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