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In respect of cash savings the home office states the following:
(a) The savings may be held in any form of bank/savings account, provided that the account allows the savings to be accessed immediately (with or without a penalty for withdrawing funds without notice). This can include savings held in a pension savings account which can be immediately withdrawn.
(b) Paid out competition winnings or a legacy which has been paid can contribute to cash savings.
(c) Funds held as cash savings by the applicant, their partner or both jointly at the date of application can have been transferred from investments,stocks, shares, bonds or trust funds within the period of 6 months prior to the date of application, provided that:
(i) The funds have been in the ownership and under the control of the applicant, their partner or both jointly for at least the period of 6 months prior to the date of application.
(ii) The ownership of the funds in the form of investments, stocks, shares, bonds or trust funds; the cash value of the funds in that form at or before the beginning of the period of 6 months prior to the date of application; and the transfer of the funds into cash, are evidenced by a portfolio report or other relevant documentation from a financial institution regulated by the appropriate regulatory body for the country in which that institution is operating.
(iii) The requirements in respect of the cash savings held at the date of application are met, except that the period of at least 6 months prior to the date of application in paragraph (a) will be reduced by the amount of that period in which the relevant funds were held in the form of investments, stocks, shares, bonds or trust funds.
Therefore, provided that you have held the savings more than 6 months, then you will be able to apply provided that the above requirements are met. If you wish to apply with only cash saving then you would need to wait for 6 months. But if you wish to cash in on your stock, investments etc then you will be able to apply sooner provided that the savings have been with you for over 6 months.
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Thanks for your reply, this is quite helpful and detailed.
I would like to make sure that I understand what you have said -
So once I have converted my 2 lump sum investments into cash and put it with the cash I already have, we can re-apply for the visa.
We need to show and can show, that we have had the cash and investments for more than six months. I have statements for the investments going back several years and will have a paper trail to show when they were cashed up and the money deposited in my account.
So is it correct that this is basically what we need to do?
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