Maintenance Funds and Previous Earnings from different banks

[Jammin]

Hi,
I'm an Indian citizen currently working in Chicago planning to apply for Tier 1 in a few months - ready for a change.

I have read all the requirements for previous earnings and maintenance funds and understand that I need a personal letter from the bank within 7 days of submitting my app to verify my financial status.

My issue is that my primary bank where my pay slips are deposited is an internet only bank (ING Direct) with no branches and therefore I wont be able to get a letter (that too within 7 days) to verify that I've had enough funds for the last 3 months.

I have another account with a local bank (with very little funds in checking) from which I can get a personal letter and am wondering if I should transfer enough money (2800 pounds) now to that account and use this bank for the Maintenance Funds points. I will make sure to apply after getting at least 3 monthly statements with the required amount in the account.

I will still submit bank statements from my primary bank (along with payslips) for the Previous Earnings points.


Does this seem alright? Will it be cause for suspicion from the case worker, or is this a non-issue? Do you advise that I do something else?

This is the only downside of internet banks - no personal contact.

[apply4hsmp]

Guidance Notes clearly sate that
If the applicant wishes to submit electronic bank statements
from an online account he/she should also provide a
supporting letter from the bank on company headed
paper confirming that the documents are authentic.

I would personally not take the chance and wait for another three months after transferring money to another account before applying.

[Jammin]

I've read the requirements in detail and I think it's safe to use a different bank for maintenance funds than the one for previous earnings, but just to be sure, for earnings, I'm going to show 12 months pay slips and tax document for full year.

One question: they say not to give two documents from the same source, such as pay slips and letter from employer (without pay details). But they also say you can give a letter from employer with details of every pay slip noted and dated after 12 month period. Is this letter acceptable as different source from pay slips or is it same? Regardless, I'll submit W2 tax document, which is from a different source.

If I do that for previous earnings and not submit 12 months bank statements as evidence, then I can use a different bank to show maintenance funds requirements, right?

[apply4hsmp]

I've read the requirements in detail and I think it's safe to use a different bank for maintenance funds than the one for previous earnings, but just to be sure, for earnings, I'm going to show 12 months pay slips and tax document for full year.

One question: they say not to give two documents from the same source, such as pay slips and letter from employer (without pay details). But they also say you can give a letter from employer with details of every pay slip noted and dated after 12 month period. Is this letter acceptable as different source from pay slips or is it same? Regardless, I'll submit W2 tax document, which is from a different source.

If I do that for previous earnings and not submit 12 months bank statements as evidence, then I can use a different bank to show maintenance funds requirements, right?

Can you show 12 mths payslip and tax doc for the same 12 mths ?
I doubt you can ?

Note that those 12 mths have to be in last 15 mths before applying unless u r a student etc.

Further does your tax doc clearly state your gross ? which matches the payslips gross added over 12 mths ? I doubt again ?

Also payslips and letter from company are same and NOT two differrent pieces of info.

Further u can show two differrent pieces of info for savings and maintenance.

[zion77]

I am applying from outside UK. My maintenance fund and previous earnings are in different account.

For evidence of previous Earnings, does the bank statment have to be dated less than 7 days old from the date of application?

According to policy guide, that requirement is only for Maintenance fund and not for previous earnings.

Pls correct, If I am wrong.

[Jammin]

Can you show 12 mths payslip and tax doc for the same 12 mths ?
I doubt you can ?

Note that those 12 mths have to be in last 15 mths before applying unless u r a student etc.

Further does your tax doc clearly state your gross ? which matches the payslips gross added over 12 mths ? I doubt again ?

Also payslips and letter from company are same and NOT two differrent pieces of info.

Further u can show two differrent pieces of info for savings and maintenance.

Regarding Tax, yes you can, but it would have to be for the whole calendar year, that is you can show pay slips from Jan 1 2008 to Dec 31, 2008 and then your Tax document from the government will show your gross for the exact same period. That is the only issue with using the tax docs, it has to be for the full year and also continuous employment.

Why the doubt that the tax doc wont show the exact gross from the pay slips over the same period?

And yeah, I figured payslips and letter are indeed from same source, so I guess the letter is for people that can show all 12 months pay slips.

The tax doc shows the exact same gross

[Jammin]

I am applying from outside UK. My maintenance fund and previous earnings are in different account.

For evidence of previous Earnings, does the bank statment have to be dated less than 7 days old from the date of application?

According to policy guide, that requirement is only for Maintenance fund and not for previous earnings.

Pls correct, If I am wrong.

Hi, did you get confirmation from someone that it's ok to use different accounts for funds and earnings? That's good news.

Yeah, from what I read, I dont believe the letter from the bank for previous earnings, stating that your statements are authentic has to be dated within 7 days of app, but i would think that it at least has to be dated after the 12 months earning period.

The 7 days requirement makes sense for maintenance funds, cause they want to make sure you have that amount with you right before you apply.

Cheers,

[kandasamy]

Hi,

I am planning to apply for the Tier 1 application by end of this month. For claiming the pervious earning I need to show the 12 months pay slips i.e. from Oct 2007 to Sep 2008. During this 12 months period I am having two salaries

Oct 2007 --> Indian salary

Nov 2007 to Feb 2008 UK full salary and it is credited to UK salary account and I am getting the basic salary in Indian.

March 2008 to 31 March 2008 Indian full salary credited to my Indian salary account.

April 2008 to Sep 2008 UK full salary and it is credited to UK salary account

While calculating my earning points in BIA tool I am calculating as below.

Oct 2007 Indian salary * exchange rate * 5.3 and selecting the country earned India and .

Nov 2007 to Feb 2008 UK salary and selected the country earned UK, during these period I am getting my India basic salary. The Indian basic salary I converted into GBP and added into my UK salary and not included the uplift ratio

March 2008 Indian salary * exchange rate * 5.3 and selected the country earned India

April 2008 to Sep 2008 UK salary and selected the country earned UK.

Please let me know whether I am using the right method to calculating my pervious earning points. Please clarify this.

Regards
Kandasamy