Family Visa Extension (Spouse)

[fatguyslim]

Dear All,
My wife’s visa is due for renewal in November 2025, and I would greatly appreciate your advice. For her initial application, I demonstrated savings of £65,000 to meet the financial requirements, which I found restrictive as it prevented me from using those funds for my business. This time, the savings requirement remains the same, but the funds have been transferred between accounts and are not held in a single account. The total savings significantly exceed the requirement. Additionally, we have tax returns from India for the 2024-25 financial year, showing my income as £90,000 and my wife’s as £40,000.
From my understanding, the UK Home Office requires either £65,000 in savings held for at least six months or a self-assessment tax return submitted six months prior to the visa application date.
I’m aware that the financial requirement may be waived if the family includes a British citizen child, which applies in our case as our daughter is a British citizen. However, this would mean my wife would only be eligible for Indefinite Leave to Remain (ILR) after 10 years, which we find unacceptable.
Could you please confirm if my understanding is correct or if I’m missing any key details? Additionally, as a self-employed individual, I’m unsure how to provide evidence of my income before the current tax year is complete. Any guidance would be greatly appreciated.
Thank you!

[fatguyslim]

I would like to add that both my wife and I were tax residents in India when we generated our income for the last financial year 2024-25. I will be providing the Income Tax documents from India for this application. Just wanted to know if anyone else has done the same? Will the UK government consider this valid or not?