So, the UK Immigration Rules require to have income of £18600 or savings of ... how much?
There is so much confusion! The mistake people make here is assuming that they need savings of also £18600. Then they may spot a requirement of “savings over £16000”. Both amounts are wrong, the correct answer is the whopping amount of £62500!
The threshold of £18600 applies to income, not savings.
The amount of savings is calculated using a specific formula. The first £16000 aren’t taken into account at all. This part of the calculation is often taken out of context, so many wrongly thing they are OK as long as they have £16000, but it’s only the 1st part.
Then the target amount £18600 is multiplied by 2.5 to reflect the Spouse visa length of 2.5 years.
We get: £18600 x 2.5 + £16000 = £62500, which is the correct answer.
How to calculate if you have some income and only using savings for the difference? Same formula but different threshold.
Let’s imagine your income is £15000, so the difference is £18600 - £15000 = £3600.
Then you need savings of £3600 x 2.5 + £16000 = £25000.
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