The financial aspects of relocating to the UK on a Skilled Worker Visa is crucial for a successful transition. Whether you’re planning to apply or are already in the UK, understanding the costs involved helps ensure a smooth immigration journey. Here’s a detailed guide to the key financial requirements associated with the UK Skilled Worker Visa.
Visa Application Fees
The Skilled Worker Visa application fee depends on the length of your visa and whether your job is in a shortage occupation:
- For up to three years: £610 (standard) or £464 (shortage occupation).
- For more than three years: £1,220 (standard) or £928 (shortage occupation).
These fees apply to each applicant, including dependents. It’s important to plan accordingly if you’re bringing your family.
Immigration Health Surcharge (IHS)
All Skilled Worker Visa applicants must pay the Immigration Health Surcharge, which grants access to the UK’s healthcare system. The current rate is £624 per year for adults and £470 per year for children.
This cost is paid upfront for the entire visa duration, so a five-year visa means a significant upfront expense.
Maintenance Funds
To demonstrate financial stability, you must show proof of maintenance funds unless your employer is covering this as part of their sponsorship.
- £1,270 for the main applicant.
- £285 for a dependent partner.
- £315 for the first child and £200 for each additional child.
Funds must have been in your account for at least 28 consecutive days before applying.
Salary Thresholds
The minimum salary requirement for a Skilled Worker Visa is £26,200 annually or £10.75 per hour. However, for certain shortage occupations or new entrants, reduced thresholds may apply.
Make sure your employment contract meets these financial criteria. Your employer, as a licensed sponsor, plays a critical role in confirming these details.
Additional Costs to Consider
- Relocation Expenses: Accommodation deposits, travel, and initial living costs.
- Dependents: Each dependent adds to visa and IHS fees.
- Tax and National Insurance Contributions: These are automatically deducted from your salary.
Why Choose MRK Immigration?
At MRK Immigration, we provide tailored guidance to simplify the financial and administrative aspects of applying for a Skilled Worker Visa. Our expertise ensures you understand every financial requirement and make informed decisions.
By carefully planning and understanding the financial requirements for the UK Skilled Worker Visa, you can focus on building a successful future in the UK. Let MRK Immigration help you every step of the way.
#UKSkilledWorkerVisa #ImmigrationSupport #FinancialPlanning #MRKImmigration #VisaSponsorship