need some help...finncial requirement

[beejudge73]

My husband is asking me to ask if he cash in his endowment and his shares he will get the checks for it and deposited in the bank because these money would have been there for 20 plus years and the shares would have been there for 10 years plus, so will the UKBA allowed this money with the cash savings in the account because it will exceed 62500 then or do we have to wait another 6 months? Please can you let us know. Thank you

[Terpe]

My husband is asking me to ask if he cash in his endowment and his shares he will get the checks for it and deposited in the bank because these money would have been there for 20 plus years and the shares would have been there for 10 years plus, so will the UKBA allowed this money with the cash savings in the account because it will exceed 62500 then or do we have to wait another 6 months? Please can you let us know. Thank you

Just to answer your specific question.
Any cash savings used in a visa application leading to settlement MUST be held for a minimum 6 months.

I strongly suggest to 'hold fire' on selling up any shares or on cashing-in on any endowment policy.

It's important to understand that it's not SOLELY about securing the Financial Requirement for a spouse entry visa.
Unless there is an 'income-stream', you will both be living from those cash savings.
You need to consider how you will meet the same financial requirement when you come to make the follow-up FLR(M) visa application after 30 months of living in UK.

I strongly believe your husband needs to secure some employment.
That way, with earned income he can fulfil any shortfall in the £18,600 income requirement by means of cash savings and non-employment income (shares) without fully depleting his current assets.

Just food for thought. Have a discussion.
How old is your husband?

[beejudge73]

Just to answer your specific question.
Any cash savings used in a visa application leading to settlement MUST be held for a minimum 6 months.

I strongly suggest to 'hold fire' on selling up any shares or on cashing-in on any endowment policy.

It's important to understand that it's not SOLELY about securing the Financial Requirement for a spouse entry visa.
Unless there is an 'income-stream', you will both be living from those cash savings.
You need to consider how you will meet the same financial requirement when you come to make the follow-up FLR(M) visa application after 30 months of living in UK.

I strongly believe your husband needs to secure some employment.
That way, with earned income he can fulfil any shortfall in the £18,600 income requirement by means of cash savings and non-employment income (shares) without fully depleting his current assets.

Just food for thought. Have a discussion.
How old is your husband?

But then this is not savings Terpe, this is from policies that have been held for years, so are you telling me that this will not be allowed until 6 months after it goes into the bank account.

I know that there is no income stream at the moment but that is because we are trying to process the papers for this but we both intend to start work when I go to the UK or my husband will start work before. He understand that he need to secure some employment but its difficult at the moment. My husband is 54 now and I am 40 We just want to get into this 62500 then get work together ( if I can) Thanks Terpe