roger354 wrote:alil2014 wrote:roger354 wrote:i am going to apply on CAT A + CAT D i have more than enough savings but the thing is that my salary is variable so what should i dont meet the 18,600 requirement but i have savings for more then 6 months in my account to make up for them
The ECO will pick the lowest payslip out of the 6 months payslips you provide and times that by 12 to get your annual salary. So whatever the shortfall is from £18.6k you need to times it by 2.5 and then add on £16000, this will be the amount you need to hold in your account for a minimum of 6 months without it falling below this amount. If you know what the GROSS amount on the lowest payslip is then I can help you work it out if your become stuck.
thank you for your help man i appreciate it, my payslips are
from april to august GBP 829
For september GBP 850
october 750
i have 45000 GBP pounds untouched for 1 year in savings account but please tell me how to write about gross salary in employer letter plz
please guide me
Are you actually salaried or paid hourly?
If salaried and £750 is your lowest payslip from the ones you will be submitting then the calculation is as follows:
750*12 = £9000 from employment
£18600-9000 = £9600 shortfall
£9600*2.5 = £24000
£24,000 + £16000 = £40,000 cash savings required over a minimum of 6 months period (you have £45k over a year)
For cash savings you will need to explain where the cash came from. i.e. if from parents or family you need a letter from whoever has given basically stating it is a gift and not a loan etc. Also show bank statement of where the money has been transferred from i.e. show parents bank statement for the month when the money was transferred and this should correspond to your own bank statement. Highlight the cash amount on the bank statements.
Explain on a letter how you meet the income threshold with salary and cash savings as done above and I think you will fine
Employment letter will need state your GROSS ANNUAL SALARY (normally written in your contract) but also get the employer to state your total earnings from the dates you are relying upon i.e. previous 6 months to application