Beginning January 2, 2025, international students and skilled workers applying for visas to the United Kingdom will face higher financial thresholds, according to new regulations announced by the UK government.
Applicants will now be required to demonstrate increased funds in their bank accounts to cover living expenses during their stay.
The revised financial requirements apply to individuals hoping to study or work in the UK, with distinct financial thresholds set for students and skilled workers.
International students applying for a UK study visa will need to show higher amounts of money to cover their living expenses. Students attending courses in London must prove they have £1,483 per month, while those studying outside London must show £1,136 per month, as reported by TravelBiz.
For a typical one-year master’s program, students must demonstrate £13,347 if studying in London, or £10,224 for those outside the capital. These funds must be held in the applicant’s bank account for at least 28 consecutive days before submitting the visa application.
The updated requirements represent an increase from the current thresholds. At present, students in London are required to show £1,334 per month, while those studying outside London must demonstrate £1,023 per month. The new rules will place additional financial pressure on prospective students.
Skilled workers applying for a UK visa will also face new financial standards. Applicants must now show an annual income of at least £38,700 to cover living expenses and accommodation. Additionally, applicants must secure sponsorship from a UK employer approved by the Home Office.
If applicants do not have employer sponsorship, they must demonstrate that they have the required funds in their bank account for at least 28 consecutive days prior to submitting their application.
Visa application fees for 2025 have been adjusted to reflect inflation and improved services. The new fees for various visa categories include:
For short-term visits (6 months), the fee is $153, while long-term visits cost $573 for 2 years, $1,023 for 5 years, and $1,277 for 10 years. The Skilled Worker Visa is priced at $827, and the Student Visa for those studying outside the UK costs $647. Parents of student visa holders will need to pay $845. Priority Visas are available for $550, and Super-priority Visas are priced at $1,050.
Certain groups, such as individuals with disabilities, carers, and professionals in specific sectors like healthcare and the armed forces, will continue to benefit from fee waivers.
A key update in the visa application process is the introduction of the “28-day rule.” Applicants must ensure that the required funds remain in their bank account for at least 28 consecutive days without dipping below the required amount.
Bank statements or certified letters used to verify financial documentation must show the closing balance is no older than 30 days when the visa application is submitted. Failure to comply with this rule may result in visa rejection.
Prospective applicants are advised to begin budgeting early to ensure they meet the new financial requirements well ahead of their application date.
Monitoring exchange rates is also important, as fluctuations could affect the total amount of money needed. Furthermore, applicants should carefully review their financial documentation to ensure compliance with the 28-day rule, avoiding delays or rejections.
