Hello, I was wondering if somebody could help me and correct me if I'm wrong with my calculations.
I'm a student, as is my wife, and I've been on part time employment / variable employment for the past few months, as has she. We previously interned during our summer holidays and were paid a full time wage during this time.
I'm looking at following category B and I have a few questions regarding this, firstly can our salaries in the past 12 months combine to reach the 18,600?
My calculations are as follows:
Requirement 1:
- We have an 6 month saving combination of 41,600, which would give us the possibility to combine £10240 to our 6 month income calculation meaning the 6 month requirement is £8360.
- I have been paid £3000 in the past 6 months from my part time job and I am about to be paid £1500 from some contractual work, which would make my income for the past 6 months equal to ((3000 + 1500) / 6) * 12 = 9000, which passes the requirement set from my savings.
Requirement 2:
- Our salaries within the past 12 months combine to meet the 18,600 (2nd requirement)
Does everything seem correct here or am I misunderstanding the requirements and what you're able to combine?
Thanks
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