£££££

[jessk]

Hi there,

Does anyone know if they take currency and exchange into account when dealing with the earnings section?

I haven't earned the literal equivalent of £23,000 in the past year, but what I earned in Australia was equivalent in terms of relative salary.. any ideas?

Cheers!
J

[Uku]

For some countries you are permitted to use what they refer to as an 'uplift ratio' to make your salary to be inline with UK earnings. The multiplier for Australia is 1, so this means you can only convert your earnings, without the uplift

From http://www.ukba.homeoffice.gov.uk/workingintheuk/tier1/general/eligibility/pointsassessment/earnings/#header1

[quote]How we convert your earnings into pounds sterling (GBP)

Earnings made overseas must be converted into pounds sterling so that we can assess them. The exchange rate we use is the one produced by OANDA.

You should use the closing spot exchange rate on the OANDA website on the last day of the period for which you have claimed earnings in that currency. You can find a link to the website on the right side of this page. It is an independent website, for which we are not responsible.
How we adjust overseas earnings

[b]To reflect differences in income levels across the world, the income level required to score points varies depending on where you were working at the time you earned the money. We use a series of calculations (known as uplift ratios) to bring overseas salaries in line with your United Kingdom equivalents[/b]. The level of uplift we give depends on the average income in the country in which the earnings were made. This calculation is made automatically using the points-based calculator, which you can find on the right of this page.

Table 2A of Appendix A (Attributes) of the immigration rules lists countries and the appropriate conversion rate, which you can find on the right of this page.

The country in which you have been working, rather than your nationality, determines the income bands against which we will assess the earnings.

Where you have earnings from more than one country, the points-based calculator will apply the appropriate uplift ratio for each country in which the relevant earnings were made, to provide a total that is equivalent to the United Kingdom value of earnings.[/quote]

If you go to http://www.ukba.homeoffice.gov.uk/policyandlaw/immigrationlaw/immigrationrules/appendixa/ you can see Australia has a multiplier of 1, so all you do is simply convert your salary into £££ and use that figure, there is no scope to uplift it

Sorry about the formatting of this, the BB code seems to have been turned off

[jessk]

Thanks for the info! Not exactly what I wanted to hear, but a help none the less!