Monthly Income v Deposit

Post by **FishBoy** » Wed Jun 04, 2008 2:58 pm

What if it is a joint account can one person claim the 800K and the other use the deposits. There will be both levels made and not the combo route taken to meet the amounts? Any experience with this issue?

Post by **niggle** » Wed Jun 04, 2008 3:29 pm

If it is a joint account then you need 2 x 800k to satisfy requirements

Post by **lomuamart** » Wed Jun 04, 2008 5:49 pm

If your spouse is western and you personally show the 800k for 3 months before application, your spouse can piggyback on your savings to get an extension herself/himself. They will be classified as a dependent. The spouse must have a Non Imm O visa. Thats all.
The government tried to change this earlier in the year - to 1.6 million for two people - but there was such a fuss from retired western couples that the idea was scrapped.
Maybe change from a joint account to a personal one?

Post by **niggle** » Wed Jun 04, 2008 7:41 pm

I thought that you can only piggyback as long as you are married. We got asked for marriage cert last year

Post by **lomuamart** » Wed Jun 04, 2008 8:25 pm

That's correct - hence spouse.

Post by **dtaai-maai** » Wed Jun 04, 2008 10:44 pm

lomuamart wrote:If your spouse is western and you personally show the 800k for 3 months before application, your spouse can piggyback on your savings to get an extension herself/himself. They will be classified as a dependent. The spouse must have a Non Imm O visa. Thats all.
The government tried to change this earlier in the year - to 1.6 million for two people - but there was such a fuss from retired western couples that the idea was scrapped.
Maybe change from a joint account to a personal one?

That's a pretty shocking suggestion, lomu, the authorities responding to complaints from foreigners

- are you sure it wasn't yet another rumour that never actually came to fruition?

Post by **lomuamart** » Thu Jun 05, 2008 6:46 am

Your scenario is probably the the correct one, dtaai-maai.

Post by **Randy Cornhole** » Thu Jun 05, 2008 10:30 am

The government tried to change this earlier in the year - to 1.6 million for two people - but there was such a fuss from retired western couples that the idea was scrapped.
Maybe change from a joint account to a personal one?

I'm surprised they gave a shit what we thought...