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5 hours ago, Captain 776 said:
Many are quoting you can use rental incomeprovided you meet requirements but the NEW money requirements supersede the old paragraphs they are quoting. What is a settlement Visa......lived here 14+ years never heard of that one. Learn from all your countrymen before you........if you are on limited funds........better u stay in UK.

The only money Immigration cares about is what you have transferred to a Thai bank.

You’re well off track, have you read the thread? 

The OP is asking for advice about the Settlement Visa for the UK, that’s why his post isn’t in the Thai Visa Forum.

 

Edit - sorry I see topt beat me to it, by a mile.

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I believe all they look at is the gross figure. Money that has been going in your account for the last 12 months without taxable receipts.

Why would you submit the gross figure? You must have costs from wear and tear etc which you should be able to offset against tax etc.


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On 10/9/2019 at 6:43 PM, rubarb said:

Thanks theoldgit
Can you tell me also if all i need is a 12 bank statements or do i need a bank certificate from the bank stating its my bank and how long i have had the bank account. I have not heard of this before but have been told i need it as part of my application

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If you are using a legal rental agency in the UK you should also have their monthly statements that might help, but many people don't use one to avoid tax init.

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After reading the financial requirement document for rental income, If the full amount of rent is paid into a bank account and declared then the gross (pre-tax / pre-agent fee) amount can be used.

 

I have a couple of questions about the cash savings method.. 

 

I read that regular bank statements must be issued for stocks and shares ISA however my ISA with one of the large high street banks only sends out an annual summary booklet, does this mean I need to transfer funds into an account that provides regular bank statements?  

 

Also, to be able to prove the funds are declared will I need to show backdated tax returns for the equivalent of the cash savings? (I do have the tax returns but I would need quite a few years worth of returns to account for all the savings amount, maybe 5 or 6 years returns?)

 

Edited by NightSky

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After reading the financial requirement document for rental income, If the full amount of rent is paid into a bank account and declared then the gross (pre-tax / pre-agent fee) amount can be used.
 
I have a couple of questions about the cash savings method.. 
 
I read that regular bank statements must be issued for stocks and shares ISA however my ISA with one of the large high street banks only sends out an annual summary booklet, does this mean I need to transfer funds into an account that provides regular bank statements?  
 
Also, to be able to prove the funds are declared will I need to show backdated tax returns for the equivalent of the cash savings? (I do have the tax returns but I would need quite a few years worth of returns to account for all the savings amount, maybe 5 or 6 years returns?)
 
Im not sure about ISA. I had my savings in premium bonds but read and got told it cant be in there as the savings have to be ready and available within 24 hours if needed. So i transferred all my savings into my current account with a letter from premium bonds showing it came from there

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On ‎10‎/‎14‎/‎2019 at 10:24 PM, NightSky said:

I have a couple of questions about the cash savings method.. 

 

I read that regular bank statements must be issued for stocks and shares ISA however my ISA with one of the large high street banks only sends out an annual summary booklet, does this mean I need to transfer funds into an account that provides regular bank statements?  

If it is a stocks and shares ISA, it may be possible to get the dividends paid out as income to your bank account. Other S&S ISAs have regular withdrawal facilities, where you can specify a monthly withdrawal amount to your current account. If your current ISA is not suitable, you can transfer the ISA to another provider and preserve the amount within the ISA wrapper.

 

As a minimum you could transfer the stocks and shares ISA to a cash ISA (which can be instant access), to preserve your ISA amount. 

 

Within the Family we have recently transferred cash ISA to Socks and Shares ISA (took a few weeks), and Stocks & shares ISA to Stocks & shares ISA with a different provider (took only a few days!)

 

Worth thinking about...

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