UK Family Visa Financial Requirements 2024

What are the “financial requirements” for UK family visas?

Ready to join your family in the UK? You’ll need to show you have enough money to support everyone. This is called “meeting the financial requirements”, a policy aimed to make sure you can support yourself and your family without access to public funds. You can meet these requirements with income, savings, or both.

Read on to learn the latest changes to these requirements and how they impact your UK Family Visa application.

How Much is the current financial Income requirement for uK family visas?

The current financial requirement for UK Family visas is £29,000, which means that the UK based partner of the couple must be making this amount of money per year. Moreover, the requirement increases if a couple has children: £3,800 for the 1st child and £2,400 for each additional child.

How Much Will the Financial Requirement Increase in 2024?

This financial requirement will increase from £29,000 over the next year through a few phases, which are as follows:

  • Later in 2024, the financial requirement will rise to approximately £34,500.
  • By early 2025, the income threshold is expected to reach around £38,700.

This means that after each increase, the UK partner will need to adhere to the new financial income thresholds or meet the requirement via savings or other ways explained below.

Meeting the Financial Requirement by Demonstrating Adequate Savings

The financial requirements of UK Family Visas can also be met by demonstrating adequate savings. The current amount to have in savings if one does not have a salary of £29,000 is £88,500, meaning that one must have this amount in savings to make an application successfully. However, as the new financial thresholds increase, the savings amount will soon increase.

  1. Later in 2024, when the increase from £29,000 to £34,500 occurs, the savings amount will increase from £88,500 to £102,250.
  2. By early 2025, the income threshold is expected to reach around £38,700, the savings amount will be £112,500.

Meeting the Financial Requirement by Demonstrating Investments and Pensions

To meet the financial requirements through other means, such as pensions or savings, the UK-based partner must first indicate that these assets meet the savings amounts described above and respectfully sell them into cash during the application process. For more info on this, please do not hesitate to contact us.

Implications of the Revised Income Requirement

The changes in financial requirements pose several implications for those applying for family visas, including spouse visas and civil partner visas. Here’s an overview of what this change means for various applicants:

Impact on Current Applicants

These changes will only affect new applicants. Those who have already applied or who applied before the increase will be assessed under the current income requirements. This also applies to children joining their parents in the UK and those on a fianc(é)e visa applying for a spouse visa.

Existing Visa Holders Pre-April 2024

Individuals who already possess a family visa under the five-year partner route before April 11th, 2024, will continue to be assessed under the old requirement of £18,600. This applies to those extending their stay or seeking settlement in the UK, as well as to children joining or accompanying a parent.

Requirement for Families

Under the new rules, the income requirement remains consistent regardless of the number of children included in the application.

New Applicants Before The Increase to £34,500

Those applying for a family visa before the next hike in financial requirements is introduced will be assessed against the current rules of £29,000. This includes applicants for spouse, civil partner, and unmarried partner visas.

Pre Spring 2024 Fiancé(e) Visa Holders 

If granted a fiancé(e) visa before the new threshold is introduced, the subsequent application for a family visa will be assessed under the existing £18,600 requirement, and you will not be required to meet the requirement of £29,000.

Post-Spring 2024 Applicants

All applicants who apply for a family visa under the five-year partner route after introducing the new £29,000 requirement will be subject to this new threshold.

Switching Visa Categories Post Spring 2024

Individuals in the UK on a different visa category who wish to switch to the five-year partner route after the implementation will also face the £29,000 income requirement.

Indefinite Leave to Remain (ILR) Applicants

Those currently on a spouse visa applying for ILR are expected to be exempt from the new threshold. The Home Office’s upcoming “transitional provisions” will clarify this.

Also Read: How to Switch From Fiance Visa to Spouse Visa UK?

Visa Application Fee 

In addition to meeting teh financial requirement, another key aspect an applicant needs to know about is being able to pay the visa application fee, especially if applying from outside the UK. The fee for in-country applications is £1,048, whereas applicants outside the UK is £1,846. 

It is very important for the applicant to factor in these increases in their budget when looking to ensure a smooth and uninterrupted application process.

Increased Immigration Health Surcharge (IHS)

The IHS is a mandatory fee for most visa applicants that grants access to the UK’s National Health Service (NHS). As of January 2024, the IHS fee will be £1,035 for adults, up from the previous £624 and for individuals under the age of 18, the new fee will be £776.

The raised IHS fee is applicable to a broad spectrum of visa categories and reflects the ongoing efforts to balance the needs of the NHS with the influx of immigrants. Most UK visa applicants should also consider this fee and be aware of it.

Adapting the Changes: Dealing with the Evolving Dynamics of UK Family Visa Policies

The decision to set the threshold at £29,000 and then to £34,500 and to £38,700 by early 2025 could potentially limit the accessibility of the visa for numerous applicants. Here are some recommended strategies to minimise the impact of the new regulation:

  • Early Application: Couples who foresee difficulties meeting this new requirement are encouraged to consider applying before the implementation date of £34,500 later in 2024. This preemptive step could circumvent the challenges posed by the increased financial threshold.
  • Investigating Alternative Routes: For applicants who may find the £34,500 requirement unfeasible and where early application is not an option, exploring alternative routes is critical. The UK’s immigration framework includes provisions for exceptions under certain conditions, presenting possible solutions for those unable to meet the standard financial criteria.
  • Professional Advice: Professional advice is highly recommended. Immigration regulations are complex. No two cases are the same. This makes it critical to consult with professionals as they work in a particular field and keep themselves updated with the recent changes in the policy. A qualified immigration attorney can provide the correct guidance and help make your dream come true.

For guidance in these matters, reaching out to immigration specialists is beneficial. They offer tailored advice and can help navigate through the complexities of UK immigration policies.

The Future of the Financial Requirement for Family Visas: Phased Increase

As stated above, these increases are part of a phased plan. The government wanted to elevate the threshold further to £38,700 in Spring 2024, but this has been delayed to early 2025. However, with the upcoming general election scheduled for January 2025, the future implementation of this increase is uncertain.

The latest UK immigration policy change is part of the government’s effort to manage legal migration. This change alters the original plan and current rules but brings new challenges and chances for those in need of a UK family visa.

For people and families dealing with these changes, staying informed and getting expert advice is important. Talking to a legal expert for the latest UK family visa information is best. Feel free to contact us with any questions.

You Ask, We Answer

FAQs About The UK Spouse Visa updates

The spouse visa threshold will change because the current conservative government is trying to reduce net migration by approximately 300,000. Therefore, making family visa applications harder is one part of their strategy to achieve this.

There are due to be a whole series of changes over the next year; however, the first significant change was scheduled for April 11th, 2024, where the minimum income threshold for family visa applicants rose from £18,600 to £29,000.

Yes, there will be subsequent increases. There will be a second hike towards the end of 2024, with the threshold expected to rise from £29,000 to around £34,500. Following this, a third increase is projected for early 2025, where the requirement is set to reach approximately £38,700.

The escalation from £18,600 to £38,700 represents an increase of over 200%. The Home Office has justified these adjustments by aligning them with the UK’s earning figures for jobs at RQF3 skill level.

The likelihood of these changes being implemented is high, as the £29,000 threshold has already been implemented, so there is no reason to believe that further increases will also not take effect. The House of Commons Library notes that changes to the Immigration Rules typically take effect automatically unless there is active opposition from either the House of Commons or the Lords within a 40-day period. Historically, such interventions are rare.

No, the new requirements will not affect those who have already submitted their applications. These individuals will continue to be assessed under the existing income requirements.

Those in the UK who are on different visa types and looking to switch to the five-year partner visa route will be subject to the new income requirements as soon as they come into effect. It’s crucial for these individuals to be aware of the timing of these changes.

Those currently holding a spouse visa and planning to apply for ILR are expected to be exempt from the new income threshold. The Home Office is set to release “transitional provisions” which will clarify this aspect in more detail.

Prospective applicants should seek advice from an immigration solicitor to understand how these changes will affect their specific circumstances. Early consultation is advisable, given the significant impact these changes could have on their eligibility and the application process.

Share this post


Disclaimer

The information provided in our articles is intended solely for guidance and should not be considered legal advice. We do not assume responsibility for any liabilities arising from the information in written articles and recommend that all readers seek professional advice before taking any action. For those wishing to discuss their case with a professional, please feel free to contact us directly.

Similar Posts