SET(M) - Financial Requirement Category B

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SET(M) - Financial Requirement Category B


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Old 10th September 2019, 01:03 PM
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Default SET(M) - Financial Requirement Category B

Hi all!

Finally the end is in sight and we are hoping to submit our Set(M) application in a few days. It has been a long 5 years to this point..!

We are using my husband (the applicant) to fulfill the financial requirement for the first time, as I have recently got a new job.

Over the last 12 months (1st Sept '18 to 31st Aug '19) he has:
- 14 pay slips (he gets paid every 4 weeks but his company shifted pay schedules at one point, so he as a random slip for just 1 week of pay)
- 4 pay slips stating an hourly rate, including service charge
- 10 pay slips stating a salaried rate, including service charge

We are therefore applying under Cat B, as although he has been with the same employer for the last 6 months, his income is so variable and for random time frames at points.

Am I correct in thinking that under Cat B we simply add up all gross income seen over the last 12 months (including service charge) and use this at the 'annual gross salary' figure?

I'm worried that there is some rule that takes the lowest amount seen, which will be crazy as the lowest amount is for a one week wage slip.

The letter we have from his employee confirms the changes in pay grade, shift in pay schedule etc.

And a mini side question:
- Time outside the UK - do we include dates of all holidays since last leave was granted (i.e. 2.5 years) or for the whole 5 years?

Thanks in advance!

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Old 11th September 2019, 07:52 AM
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Yes, under Category B, there are two parts - 1) that you must CURRENTLY be making at least 18,600, and 2) that you must have earned at least 18,600 over the past 12 months. For the 2nd part, it's a sum total of gross payslips over the last 12 months. You don't need to add your income in if your husband meets it himself. You are probably right to be using Cat B if his income was variable.

The "lowest figure" is used for calculating an annualised salary under Category A. It doesn't apply to Cat B

Time outside the UK should include ALL holidays and trips abroad in the whole 5 years.

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