Hi everyone, I'm Joel, I'm an immigration solicitor at
Latitude Law.
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I'm going to be discussing the partner financial requirements today.
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So, when you are looking to sponsor your partner, that's if you're a British national
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or a settled national with indefinite leave to remain,
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you need to meet the financial requirement.
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At the moment, the financial requirement is an income of
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£18,600, which will increase in spring of this year,
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2024, which we think means April but we're not sure,
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to £29,000, and by early 2025, it will be as high as £38,000.
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So, the increase is really significant, and you do need to get your applications in
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quickly if you're worried about meeting the requirement.
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Now, to meet the requirement, you use the income
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of the British or settled person.
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If the applicant, that's the spouse, is outside of the UK,
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however, if they're applying from inside the UK,
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you can add the two incomes together, or you could rely on the income of the spouse
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only.
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The income requirement then requires that they
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have been working for at least six months in the same
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job or, if they've not held their job for at least
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six months, that they have
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earned in the 12 months prior to the application at least the £18,600,
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or later, the higher amount, whatever that is.
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You need to be very careful if the income was
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earned from what's called a paragraph 9 company, that's a company where a shareholder
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is a family member of the sponsor or even the sponsor themselves.
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And if you don't meet the income requirement, you could supplement your income
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with cash savings.
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Now, cash savings can be quite complicated, but if you don't have any income,
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the current requirement is £62,500.
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After the increase, the cash savings requirement will be around
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£88,000, and it will go up to more than £110,000 by
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early 2025.
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For cash savings, you need to make sure you've held that
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amount of money in your bank account for at least six months,
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unless of course, you're relying on something like cash savings
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that are the proceeds from the sale of a home.
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So, cash savings can be really quite complicated, and it is definitely best to seek immigration
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advice.
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So, if you would like help with a partner application,
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particularly if you are worried about the financial requirement,
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do get in touch with us.
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We are Latitude Law Immigration Solicitors.
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