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Financial requirement, self employed, combining

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Dantean
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Joined: Thu Sep 05, 2013 6:02 pm

Financial requirement, self employed, combining

Post by Dantean » Mon Feb 27, 2017 8:17 pm

When meeting the financial requirement for spouse visa, self employment income can be combined with non-salaried income. How is the income level calculated?

Normally, for variable non-salaried income, it seems to be monthly income for the last 6 months is multiplied by 12 to determine the amount to count.

For a self employed person who also has an irregular hourly paid job, would it be calculated like that, or for the entire financial year, in line with the self employed income? For this person, the hours available to work are higher in the summer, so when taxes are filed, the past six months average will be significantly lower than the actual annual total.

Section 9.3.6 of Appendix FM Section 1.7 says:
9.3.6. Income under Category F or Category G can be combined with income from salaried and non-salaried employment, non-employment income and pension income in order to meet the financial requirement. However, unlike with other Categories, these sources of income must fall within the relevant financial year(s) in order to be included. Under Category F or Category G, all sources of income must fall within the financial year(s) relied on and must still be a source of income at the time of application.
So it says all sources must fall within the relevant financial years, but doesn't give details of how they are to be calculated.

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