£62,500 option
#1
Just Joined
Thread Starter
Joined: Sep 2017
Posts: 20
£62,500 option
Hello
I am going for the £62,500 option to bring my wife to the UK. I've cashed in my pension as much as I can. My son has gifted me £25000. What documents do I need to show where the money has come from? I specially need advice on the money gifted by my son. Do I need an affidavit?
Thanks
I am going for the £62,500 option to bring my wife to the UK. I've cashed in my pension as much as I can. My son has gifted me £25000. What documents do I need to show where the money has come from? I specially need advice on the money gifted by my son. Do I need an affidavit?
Thanks
#2
BE Enthusiast
Joined: Aug 2017
Location: UK
Posts: 312
Re: £62,500 option
How long has those savings been in the account? I think it has to be in the account for around 6 months.
#3
Re: £62,500 option
You need to declare the source of any cash savings you use to meet the financial requirements. If part of the money is a gift from your son then you should declared that and get something in writing from your son explicitly stating that the money is a gift, not a loan, and also stating where we got the money from. A statutory declaration or similar would be advisable. As mentioned these funds will need to be held in your name for at least six months prior to the date of application.
#4
Just Joined
Thread Starter
Joined: Sep 2017
Posts: 20
Re: £62,500 option
Thank you for your reply. Am I right in saying that as well as getting a letter from my son saying it's a gift, he also needs to declare where he's got the money from. Is it sufficient just to say where he has got it from? Or does he need to provide evidence?