Starting January 2025, individuals planning to study or work in the United Kingdom (UK) will face higher financial thresholds for visa applications. The UK government has announced a rise of at least 11% in the minimum financial reserves required for student and work visas. This adjustment reflects efforts to address concerns about the impact of immigration on housing and the economy.
Updated Financial Requirements for International Students
From January 2, 2025, international students applying for UK study visas must provide evidence of sufficient funds to cover their living expenses. The updated monthly maintenance requirements are:
£1,483 per month (approximately ₹1.5 lakh) for courses in London.
£1,136 per month (approximately ₹1.2 lakh) for courses outside London.
For a one-year master’s program, this equates to:
£13,347 (₹14 lakh) in London, covering nine months of expenses.
£10,224 (₹10 lakh) outside London, covering nine months of expenses.
The funds must be held for at least 28 consecutive days prior to the visa application submission. The new requirements represent an increase from the current monthly thresholds of £1,334 for London and £1,023 for other regions.
Certain exemptions apply to students already residing in the UK or those from specific countries.
Financial Thresholds for Skilled Worker Visa Applicants
Applicants for the Skilled Worker Visa must:
Demonstrate an income of at least £38,700 to cover living costs and accommodation.
Secure sponsorship from a UK employer approved by the Home Office.
Those without employer sponsorship must show that they have held the required funds for at least 28 consecutive days prior to submitting their application.
Increased Visa Application Fees
Visa application fees will increase across various categories, including:
Tourist visas
Family visas
Spouse visas
Child visas
Student visas
Exemptions remain in place for applicants with disabilities, carers, and individuals working in specific sectors such as healthcare, the armed forces, and talent-based roles.
New 28-Day Rule
The UK government has introduced a 28-day rule to ensure financial stability among applicants. Under this rule:
Funds must be held in a bank account for at least 28 consecutive days without falling below the required amount.
The closing balance must not be more than 31 days old on the date of the visa application submission.
Applicants must calculate the 28-day period backward from the closing balance date, ensuring all conditions are met.
Conclusion
These changes underline the importance of thorough financial planning for prospective students and workers aiming to relocate to the UK. Applicants are advised to consult the updated guidelines available on the UK government website and prepare accordingly to meet the revised requirements.
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