Limited Company Financial - ILR (M)

Hey everyone,

Bit of a random question. I just received my FLR (M) a few months ago. Looking forward to applying for ILR in a few years and getting this process finished!! My question is about the financials of my next application.

My husband and I are hourly employees, but the owner of the limited company we work for has offered to make us partners in the business. We've said no in the past as our understanding is that it would make the financials of the visa application very complicated.

However, we have been fortunate enough to really build our savings over the last two years. I'm wondering if we have the £60k in our savings account when we apply for ILR if that means we don't have to show any other financial information like payslips, company tax returns, etc?

Any advice is as always greatly appreciated!

Hey everyone,

Bit of a random question. I just received my FLR (M) a few months ago. Looking forward to applying for ILR in a few years and getting this process finished!! My question is about the financials of my next application.

My husband and I are hourly employees, but the owner of the limited company we work for has offered to make us partners in the business. We've said no in the past as our understanding is that it would make the financials of the visa application very complicated.

However, we have been fortunate enough to really build our savings over the last two years. I'm wondering if we have the £60k in our savings account when we apply for ILR if that means we don't have to show any other financial information like payslips, company tax returns, etc?

Any advice is as always greatly appreciated!

The savings requirement for ILR is £34,600.

Just make sure its in an appropriate account and doesn't drop below the requirement in the 6 months preceding your application date and you're good to go.

Congratulations! 

Ohh thank you!! We didn't notice it was a different amount for FLR and ILR - that makes our life much easier