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Hi, my husband recently lost his job and we are planing move back to UK with our two children (both are British). because I am away UK more than two years, regarding the post here before, I have lost my ILE status, so I need apply spouse visa again. His company has paid him the severance for the redundancy, I wonder could we use this severance payment for spouse visa saving scheme? (The severance payment he had more than saving scheme required amount)

Bringing out me this question is I remember i read a post here before that a couple sold their property, and used the money they got as saving to apply spouse visa and didn't need to wait the money stay in the bank for 6 months.

Please advice, thanks in advance!
 

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Yes you can use severance cash to qualify under savings criteria.

Yes, you can use the money from sale of home and as long as you owned the house for a minimum of 6 months prior to its sale, you do not need to have held the money as cash for the usual 6 month period before application.

Read the following documents carefully to see how to qualify:

https://www.gov.uk/government/uploa...708/Appendix_FM_1_7_Financial_Requirement.pdf

https://www.gov.uk/guidance/immigra...endix-fm-se-family-members-specified-evidence
 

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Remember the waiver for 6-month requirement only applies to property and investment (stocks, shares, trusts, funds etc). Severance pay has to stay in an account for 6 months minimum, maintaining the minimum balance that you will be relying on. You will need £62,500.
 
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