British Expats

British Expats (https://britishexpats.com/forum/)
-   Citizenship/Passports and Spouse/Family Visas (UK) (https://britishexpats.com/forum/citizenship-passports-spouse-family-visas-uk-196/)
-   -   regarding the £62,500 cash savings option (https://britishexpats.com/forum/citizenship-passports-spouse-family-visas-uk-196/regarding-%C2%A362-500-cash-savings-option-854988/)

whatadiva Mar 21st 2015 4:01 pm

regarding the £62,500 cash savings option
 
Can i include my parents savings/retirement account, we will be staying with them for a bit once we become settled in. And they want to help financially.

Or does it absolutely have to be just my savings ALONE?

mikelincs Mar 21st 2015 4:08 pm

Re: regarding the £62,500 cash savings option
 

Originally Posted by whatadiva (Post 11598689)
Can i include my parents savings/retirement account, we will be staying with them for a bit once we become settled in. And they want to help financially.

Or does it absolutely have to be just my savings ALONE?

It has to be money in your account, and can't even be a loan, any money towards it MUST be a gift. The only thing they could do is to give you the money, but then it would have to stay in your account. It has to be in an account you have access to.

whatadiva Mar 21st 2015 4:10 pm

Re: regarding the £62,500 cash savings option
 

Originally Posted by mikelincs (Post 11598695)
It has to be money in your account, and can't even be a loan, any money towards it MUST be a gift. The only thing they could do is to give you the money, but then it would have to stay in your account. It has to be in an account you have access to.

ok and how long does that savings account have to be untouched for? 5 years?

SanDiegogirl Mar 21st 2015 4:17 pm

Re: regarding the £62,500 cash savings option
 

Originally Posted by whatadiva (Post 11598696)
ok and how long does that savings account have to be untouched for? 5 years?

You have to have it under your control, in your account for a minimum of 6 months. ...... and you need a letter/document from parents saying this is a gift not a loan and does not require re-payment.

whatadiva Mar 21st 2015 4:17 pm

Re: regarding the £62,500 cash savings option
 

Originally Posted by SanDiegogirl (Post 11598702)
You have to have it under your control, in your account for a minimum of 6 months. ...... and you need a letter/document from parents saying this is a gift not a loan and does not require re-payment.

ok understood


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