Aquiring a British Passport for a child.

[Snowy79]

2 hours ago, hk blues said:

Doesn't have to be income though, cash in the bank suffices. That makes it SLIGHTLY more manageable if you can stash away £20K without touching it for the 5 years i.e. you don't need 5x £18,600.  

Still a hefty hunk of change to have to keep lying around though.

I may be reading it wrong but the savings part isn't straight forward. 

The following equation is used when you rely on savings:

(x minus 16,000) divided by 2.5 = y Where x is the total amount of cash savings held by the applicant, their partner, or both jointly for at least the 6 months prior to the date of application and under their control. And y is the amount which can be used towards the financial requirement. At the indefinite leave to remain stage, the whole of the amount above £16,000 can be used. And the following equation is to be used: (x minus 16,000) = y

In short you need £62k savings on your initial application without any other income. Page 44 and 45 explain it in detail: 

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/996814/appendix-fm-1-7-financial-requirement-v7.0-ext.pdf

[hk blues]

18 minutes ago, Snowy79 said:

I may be reading it wrong but the savings part isn't straight forward. 

The following equation is used when you rely on savings:

(x minus 16,000) divided by 2.5 = y Where x is the total amount of cash savings held by the applicant, their partner, or both jointly for at least the 6 months prior to the date of application and under their control. And y is the amount which can be used towards the financial requirement. At the indefinite leave to remain stage, the whole of the amount above £16,000 can be used. And the following equation is to be used: (x minus 16,000) = y

In short you need £62k savings on your initial application without any other income. Page 44 and 45 explain it in detail: 

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/996814/appendix-fm-1-7-financial-requirement-v7.0-ext.pdf

Cheers - I'll admit I didn't read the detail but understand the concept is based on a fixed amount at the outset rather than the x amount per annum as it would be with income - the fixed amount is much more than I imagined though.

[graham59]

What also isn't taken into account by this 'one size fits all' financial requirement, is that those coming in on a Spouse settlement visa (not Fiancee) can legally work from the day they arrive anyway.... and probably a lot harder than some of the idle slobs who've been living off the state for years, but happened to have been born there.  

There needs to be more flexibility in the system.