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Wednesday, January 3, 2024

Minimum Income Requirement - Incremental Approach to New Threshold Amount

You may have seen reference to the announcement from the Home Office that the planned increase to the MIR to £38,700 will happen incrementally, with a figure of £29,000 applicable from Spring 2024. The Home Office have released a Factsheet that explains more. Among other things, this advises that under the new provisions there will no longer be a separate child element.

Defence continues to liaise with the Home Office in order to understand how this will impact Service Personnel (Officers and Soldiers) and their families, and further information will be provided once more details are known.

link for the factsheet