Enough for savings route?
Is the following enough to go through savings route for spouse visa?
Savings-$24,000 (mixture of tax rebait, income that we've saved and inheritance. All came in at different times but held for 6months or more in our names) Retirement 1- $40,000 Retirement 2-$13,000 Retirement 3- $4,500 Stocks (cashed out)-$10,000 This is all from this month. Do we just prove when we apply in August that its been held in our name for those 6months? What if we make more and add to it? I also (UK citizen) have job in states making over £18,600 I just want to be certain that all these different savings will allow us to go the savings route if I don't find a job over there.... Thank you! |
Re: Enough for savings route?
If it's all held in USD then you are exposed to exchange rate movements. The USD-GBP rate is moving against you, up to USD1.385 today, up several cents in recent weeks, and if the pound rises above USD1.464 then your USD91,500 would no longer be enough.
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Re: Enough for savings route?
Originally Posted by Pulaski
(Post 12423571)
If it's all held in USD then you are exposed to exchange rate movements. The USD-GBP rate is moving against you, up to USD1.385 today, up several cents in recent weeks, and if the pound rises above USD1.464 then your USD91,500 would no longer be enough.
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Re: Enough for savings route?
Originally Posted by cca123
(Post 12423845)
Thank you. At the moment, we have enough? If later, the exchange rate causes is to be a couple hundred off, would our visa be denied? Are they very strict on that?[
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Re: Enough for savings route?
Originally Posted by cca123
(Post 12423845)
Thank you. At the moment, we have enough? If later, the exchange rate causes is to be a couple hundred off, would our visa be denied? Are they very strict on that?
I know someone who was denied because the account dropped £32 under the threshold briefly during the 6 months leading up to the application. |
Re: Enough for savings route?
Originally Posted by Novocastrian
(Post 12423855)
I'm afraid they are. But are the three retirement amounts you mention all just one off lump payments or is there an ongoing pension associated with some of them?:
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Re: Enough for savings route?
Originally Posted by cca123
(Post 12424559)
They're what's in the pensions account as of this month (I read we have to go by the amount 6months prior to application). Does this still work?
If so, they are enough to apply now and exchange rate fluctuations over the next 6 months would have to be highly dramatic to cancel out the ongoing payments further accumulating during that time. |
Re: Enough for savings route?
Originally Posted by Novocastrian
(Post 12424573)
So, they're not lump sum amounts, but rather what has been paid as pension to date and which you've been saving?
If so, they are enough to apply now and exchange rate fluctuations over the next 6 months would have to be highly dramatic to cancel out the ongoing payments further accumulating during that time. |
Re: Enough for savings route?
Originally Posted by cca123
(Post 12424579)
Yes its what we have now although 2months ago it was different due to us putting more in this month... If we applied now I thought it had to be in our possession for 6months prior to application? Or is it 6months prior to leaving?
Some clarity would be helpful. |
Re: Enough for savings route?
Originally Posted by Pulaski
(Post 12423571)
If it's all held in USD then you are exposed to exchange rate movements. The USD-GBP rate is moving against you, up to USD1.385 today, up several cents in recent weeks, and if the pound rises above USD1.464 then your USD91,500 would no longer be enough.
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Re: Enough for savings route?
Originally Posted by Novocastrian
(Post 12424601)
But you said in your first post that you intend to apply in August?
Some clarity would be helpful. Just want to make sure I'm correct on things... Thanks!! |
Re: Enough for savings route?
Originally Posted by cca123
(Post 12424757)
Oh I thought you said it would be enough to apply now? I would love to. That would be the most idea situation but counting from jan onwards that leaves us to apply in August.... :/ Thus is correct right? J still having it in now doesn't mean we can apply now unless we have had that amount for 6months prior which we haven't.
Just want to make sure I'm correct on things... Thanks!! |
Re: Enough for savings route?
Originally Posted by Pulaski
(Post 12424749)
The pound was up another 1¢ this morning!
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Re: Enough for savings route?
Originally Posted by Novocastrian
(Post 12425300)
If the OP wants to ensure that FX fluctuations won't be a worry, they could convert the savings to sterling right now and lock in the £65000 or so they have at the moment.
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