Financial requirement help

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Financial requirement help


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Old 13th February 2020, 12:57 AM
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Default Financial requirement help

Please help as I am so confused.

My annual salary is 14k per year. Since the past six months, I have been doing overtime non-stop to earn at least 1,550 per month. I am told that a letter from employer is needed which has to confirm position etc (which I know about) AND it has to specifically state that overtime will continue into the future at the salary it has been for the past six months?

Somebody also stated my employer must then state how much overtime I have earned over the past six months. Can't they just say "X's annual salary is 14k. Since X date and X date he has been working overtime as reflected in his payslips. His base monthly pay on 14k salary is 1100."

I really didn't know overtime had to continue into the future too!

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Old 13th February 2020, 01:07 AM
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I just thought because my annual salary is 14k then I can just do some overtime to earn at least 1,550 and that would be sufficient. It's true that it has to be in writing to confirm overtime will continue happening? This is so devastating

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Old 13th February 2020, 01:29 AM
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Sorry for triple posting.

I am pretty certain I will meet the financial requirements as of the application date as they annualise your overtime average. I have been earning at least 1550 for previous six moths.

I earn 1,166 per month as my base pay. Anything over is overtime.

Sep 19: 1641.13 (1641.13 - 1166 = 475.13 earned through overtime)
Oct 19: 2317.76 (2317.76 - 1166 = 1151.76 earned through overtime)
Nov 19: 1879.19 (1879.19 - 1166 = 713.19 earned through overtime)
Dec 19: 1870.69 (1870.69 - 1166 = 704.69 earned through overtime)
Jan 20: 1820.41 (1820.41 - 1166 = 654.41 earned through overtime)
Feb 20: 1550.00 (1550 - 1166 = 384 earned through overtime)

Average overtime is: 475.13 + 1151.76 + 713.19 + 704.69 + 654.41 + 384 = 4083.18/6 * 12 = 8166.36.

Average overtime annually: 8166.36

They then will do 1166*12 = 13992. Then 13992 + 8166.36 = 22158.36 annually salary. Are my calculations correct?

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Old 13th February 2020, 01:30 PM
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Originally Posted by UKCittyCit View Post
I just thought because my annual salary is 14k then I can just do some overtime to earn at least 1,550 and that would be sufficient. It's true that it has to be in writing to confirm overtime will continue happening? This is so devastating
Hi,

I am not sure if you are aware but there is some information on the Gov website at:

https://www.gov.uk/guidance/immigrat...ified-evidence.

My understanding is that they want to see you are earning above the Requirement for six months prior and that you will continue to earn above that threshold. I cant say what the ruling is as I am not an immigration adviser, but if I were in that position I would ensure the employers letter explained that although your base salary is 14K, there is sufficient opportunity for you to work overtime for the foreseeable future and hence continue to earn at least the same level you are now. Some jobs may allow overtime but during busy periods like Christmas for example and others may allow all the time so my logic would be that this would emphasize that basically you should be able to continue as you have been. However, please see what others say I am just giving my opinion.

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Old 13th February 2020, 01:54 PM
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Quote:
Average overtime is: 475.13 + 1151.76 + 713.19 + 704.69 + 654.41 + 384 = 4083.18/6 * 12 = 8166.36.

Average overtime annually: 8166.36

They then will do 1166*12 = 13992. Then 13992 + 8166.36 = 22158.36 annually salary. Are my calculations correct?
Yes, your calculations are exactly correct

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Old 14th February 2020, 12:36 AM
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Yes, your calculations are exactly correct
Ah thanks!

I am hearing conflicting information. Some people are saying I do not need my employer's letter to confirm overtime will continue indefinitely especially if my last payslips are above 1550 each, even though my annual salary is 14k. My employer stated they won't say it's guaranteed as they can't say that in case IT systems etc. fail and the overtime stops for some time.

Second of all, any ideas on how my letter should be drafted? I created a template which hopefully addresses the four points. I am concerned about " iii) the period over which they have been or were paid the level of salary relied upon in the application;"

Annual salary is 14k (1166 per month). Past 6 months I've been doing tons of overtime to earn at least 1550 per month. This is the template I drafted.. do you think it will suffice?

To the Entry Clearance Officer,

X is employed by XX as a XXX as permanent staff. His gross annual salary is 11200 as well as receiving a night premium of 2800 per year, making his gross annual salary 14000 . He has been employed since May 2019. He has received a total income of 9,600 from September 2019 to February 2020 due to overtime, which is reflected on his payslips. This overtime is expected to continue at the same rate of pay.

Please contact myself on XXX if you require any further information.

Kind regards,
XX

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