How Soon Can You Take Out The 62,500 Pounds?

[Jegernorge]

I am desperately trying to find an answer to the new financial requirements so me and my family can return to the UK. If I were to recieve a "gift" of 62,500 pounds from a family for six months prior to visa application.

Then after we returned to the Uk, if all the 62,500 was given back to the family member would this lead to any problems at any point? In particular when you apply again after 2.5 years?

[Jegernorge]

Sorry I don't think I was clear enough in my first question. Try again.

Assuming I was earning over 18,600 at the 2.5 year stage (and ilr stage), would the authorities have a problem (i.e. refusing further stay) with me removing the 62,500 in a lump sum after a few months of arriving in the country?

Would they say it looked like the money was just a loan nd we were tricking them or am I free to do with it as I choose as long as we fulfill the criteria at the 2.5 year and ilr stage?

Thanks for any reply :)

[Pete/London]

Don't know is the answer, but they may flag you up for money laundering/tax avoidance, to be watched.

Do you need such a big sum?

[Jegernorge]

Yeah unfortunately I do, I can't use the 18,600 salary way. How could I find the answer to my question? Any suggestions?

[joebloggs]

7.2. Cash Savings
–further guidance
7.2.1.
Savings must be held in cash
in a personal bank/savings
account in the name of the
applicant, their partner or the couple jointly
. The savings can be from any legal source,
including a gift from a
family member or other third party, provided
the source of the cash savings is declared
.
The applicant and/or their partner
must confirm that the money, which
cannot be borrowed, is under their control
and evidence that it
has been held in their bank
account for at least
the 6 months prior to the date of application


http://www.ukba.homeoffice.gov.uk/sitecontent/documents/policyandlaw/IDIs/chp8-annex/section-FM-1.7.pdf?view=Binary

not sure how long, but probably as soon as you have the visa, but remember you need money in the bank again 6 months before you apply for FLR, but then maybe you and your wife will be both working so you should need to rely on just cash savings.