Maintenance Fund Increases From 01/07/2014

Maintenance Fund Requirements Increase from 01/07/2014

Maintenance Fund Requirement Increases from 01-07-2014

If you are in the UK under any PBS Category i.e. Tier 1, Tier 2 or Tier 4 or Tier 5 and the dependants under any of these PBS categories have to meet Maintenance Fund Requirement to score 10 Points towards qualifying score. Different amounts are required for the applications that are made within the UK and outside the UK. You will now need to show availability of £945 instead of earlier requirement of £900 which means there is an increase of 5%.

Home Office changes the maintenance fund requirement from time to time, based on the UK inflation index. Maintenance fund requirement is in place to ensure that PBS main applicants and their dependants are able to maintain themselves satisfactorily in the UK without recourse to the Public Funds. Recent increase was announced in March 2014 and the new maintenance fund requirement will come into effect from 01/07/2014. If you are applying for Entry clearance or Extension on or after 01/07/2014 new rates will be applicable to you.

— HSMP Services

If you are applying for Entry Clearance under Tier 1, Tier 2, Tier 4, Tier 5 or as as a PBS Dependant, you must score 10 points by demonstrating that you hold the prescribed level of funds in your account for the prescribed period. The prescribed period for Tier 4 is 28 days and all other categories it is 90 days. If the main applicant is within the UK for less than 1 year and if dependants are applying for PBS Visa, they will need to show the same level of maintenance fund as required for entry clearance application. You will need to meet this higher level of maintenance fund. You will need to meet this requirement if you are applying under any of the following categories:

  1. Tier 1 General, Tier 1 Entrepreneur, Tier 1 Investor etc.
  2. Tier 2 General, Tier 2 ICT, Tier 2 Minister of Religion etc.
  3. Tier 4 Student
  4. Tier 5 Temporary Work Visa
  5. PBS Dependants as dependant of any one in above categories

If you have questions about the maintenance fund requirement or any UK Visa requirements and applications, feel free to write to us using contact us form and we will be happy to answer as soon as possible. If you wish to submit any feedback, comments or suggestions, please use the contact us form on this site. We depend upon your feedback and comments to improve our services.

About HSMP Services

HSMP Services Ltd. is OISC registered immigration advisor providing UK visa and immigration services to individuals and corporates since last over ten years.