Tier 1 (Investor)
Balance of money to a maximum value of £250,000
This page explains what proof of your balance of money of up to £250,000 you should provide to support your extension application to the investor category (Tier 1 Investor) under the points-based system to remain in the United Kingdom.
Full details of all requirements are in the immigration rules at paragraphs 245 O-U of part 6a and Appendix A, which you can find on the right of this page. You must read the policy guidance before you apply under this category. You can download the guidance and application form from the Applying section.
The balance of money
The balance of money is any further money needed to bring the total money invested by you up to £1,000,000.
If your investments total £1,000,000, no balance of funding is necessary. If the investments are between £750,000 and £1,000,000, you must provide evidence of the balance of the money.
You must have maintained a balance of up to £250,000, depending on how much is needed to bring your total investment in the United Kingdom up to £1,000,000.
The documents to show the balance of money
You must provide one of the following documents:
- documents confirming the purchase of assets (for example property) in the UK. These must show the assets purchased, the value of these assets and the dates of purchase. When using property, only the unmortgaged portion of your own home can be considered, up to a value of £250,000. This valuation must be provided on a report issued by a surveyor who is a member of the Royal Institution of Chartered Surveyors. The report must have been produced in the 6 monhts before your aplication date; or
- statements of accounts. If you maintained money on deposit in the UK, you must provide a statement or statements of account on the official stationery of the institution that holds the money. These statements must be in your name (or your and your partner's name) and confirm the dates and amount of money held. You must ensure that the institution will confirm the content of the statement to us at our request; or
- a letter from the financial institution that holds the money on deposit. This must be an original letter and not a copy, on the institution's official headed paper, and it must have been issued by an authorised official of that institution. The letter must confirm the dates and amount of money held, and that the institution will confirm the content of the letter to us if we ask.
Terms explained
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Financial institution
A body that provides financial services to clients, for example a bank, building society, credit union, stock brokerage or asset management firm.