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ruby, I cant answer all your question, though if you are going to use saving/ income, these must be documented for a period of six months before you make an application.ruby123 wrote: if my family were to club together to get the money would this help?
Ted wrote:ruby, I cant answer all your question, though if you are going to use saving/ income, these must be documented for a period of six months before you make an application.ruby123 wrote: if my family were to club together to get the money would this help?
If a couple does not have regular income coming in then cash savings may be taken into consideration. £62,500 is needed for the initial stage of the application and any additional amounts during any leave periods (a floor amount of £16,000 plus 2.5 times the shortfall of £18,600) A combination of cash savings and employment income can be used.
The financial requirements also do not apply at the initial settlement application stage with regard to sponsors in receipt of certain types of benefits (specifically Disability Living Allowance, Severe Disablement Allowance, Industrial Injuries Disablement Benefit, Attendance Allowance and Carer’s Allowance).
Employment is defined as a job that a sponsor has had for at least six months (at the appropriate salary level) or if they earned the same amount in the last year prior to the application.
Ruby I read somewhere that third party financial support will no longer be permitted. The reason for this is that it is felt that third party funding is not sustainable and is discouraged. One exception to this is if you have been given an amount of money as a one off gift from a family member. While a gift is acceptable it should not be a loan and it must not be part of continual funding from a parent.
Hope this helps