The UK government has announced these changes, which mandate that applicants demonstrate a higher balance in their bank accounts to support their living expenses during their stay.
These revised regulations impact individuals aiming to study or work in the UK, with new financial benchmarks established for both students and skilled workers.
The intent behind these modifications is to ensure that applicants possess adequate financial means to sustain themselves throughout their time in the UK.
Increased financial requirements for students
International students applying for a UK study visa will now be required to present larger sums of money to cover their living costs. For those enrolled in courses in London, the monthly requirement is set at £1,483, while students studying outside of London must show £1,136 per month, as reported by TravelBiz.
For a standard one-year master’s program, students will need to demonstrate £13,347 if they are studying in London, and £10,224 for those outside the capital. The funds must be maintained in the applicant’s bank account for a minimum of 28 consecutive days prior to submitting the visa application.
Comparison with current financial requirements
Current reports indicate that the existing financial requirements are lower. Students in London are currently required to show £1,334 per month, while those outside London need to demonstrate £1,023 per month. The new regulations will raise these amounts, imposing additional financial challenges on prospective students.
Changes to skilled worker visa financial requirements
Skilled workers applying for a UK visa will also be subject to new financial thresholds. Reports indicate that to qualify for a skilled worker visa, applicants must have an annual income of at least £38,700 to adequately cover living expenses and housing. Additionally, applicants must obtain sponsorship from an employer recognized by the Home Office.
Skilled worker visa applicants, similar to student applicants, are required to prove that they have maintained the necessary funds in their bank account for a minimum of 28 consecutive days prior to submitting their application, unless they have employer sponsorship.
Revised UK Visa Fees and Exemptions
The visa application fees for 2025 have been updated to account for inflation and enhancements in service quality. The new fees for different visa categories are as follows:
- Short-term Visit (6 months): $153
- Long-term Visit (2 years): $573
- Long-term Visit (5 years): $1,023
- Long-term Visit (10 years): $1,277
- Skilled Worker Visa: $827
- Student Visa (Outside UK): $647
- Parent of Student Child Visa: $845
Priority visas are available for $550, while super-priority visas are priced at $1,050. Certain groups, including individuals with disabilities, caregivers, and professionals in specific fields such as healthcare, the armed forces, and talent-based roles, will continue to receive fee exemptions.
The 28-Day Financial Documentation Requirement
A significant new regulation is the “28-day rule.” Applicants must ensure that the required funds are held in their bank account for at least 28 consecutive days, without falling below the specified amount.
Bank statements or certified letters included in the financial documentation must indicate that the closing balance is no older than 30 days at the time of the visa application submission. Non-compliance with this rule may lead to visa denials.
Candidates are encouraged to begin their budgeting process as soon as possible to secure the necessary funds ahead of their application deadlines. It is also crucial to keep an eye on exchange rates, as any changes could affect the overall financial requirements. Furthermore, applicants must ensure that all financial documents adhere to the 28-day rule to prevent any potential delays or denials.
The recent updates to the UK’s visa policies will necessitate that students and skilled workers enhance their financial preparedness. It is essential for applicants to carefully examine these new stipulations to guarantee that their visa applications fulfill the required criteria.