Statement Of Financial Support Form Template for England and Wales

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Key Requirements PROMPT example:

Statement Of Financial Support Form

"I need a Statement Of Financial Support Form to declare my commitment to supporting my nephew during his university studies in the UK, covering accommodation and living expenses of £2,000 per month from January 2025 to December 2025."

Document background
The Statement Of Financial Support Form is a crucial document used in England and Wales when one party needs to formally declare their commitment to financially supporting another individual. This document is commonly required for visa applications, university admissions, or family support arrangements. It includes detailed information about the supporter's financial capacity, the extent and duration of support, and the beneficiary's details. The form must comply with UK immigration rules, financial regulations, and data protection laws, making it a legally significant document that can be relied upon by authorities and institutions.
Suggested Sections

1. Supporter Details: Full legal name, address, contact information, and immigration status of person providing support

2. Beneficiary Details: Full legal name, address, contact information of person receiving support and relationship to supporter

3. Financial Commitment: Detailed description of financial support being provided including specific amounts and frequency

4. Duration of Support: Specific timeframe for which the financial support will be provided

5. Declaration of Financial Means: Statement confirming financial capability to provide declared support, including income and savings details

Optional Sections

1. Immigration Status Details: Required when form is for visa purposes, including visa type and status

2. Additional Dependents: Details of any additional family members covered by the support arrangement

3. Accommodation Provision: Details of any accommodation being provided as part of the support

4. Third-Party Guarantor Details: Information about any additional guarantor providing backup financial support

Suggested Schedules

1. Schedule A - Financial Evidence: Bank statements, salary slips, tax returns, or other proof of financial means

2. Schedule B - Identity Documentation: Copies of passport, driving license, or other official ID documents

3. Schedule C - Property Documentation: Property ownership/rental documents if accommodation is included in support

4. Schedule D - Relationship Evidence: Documents proving relationship between supporter and beneficiary

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Immigration Rules and Regulations: Including Immigration Acts 2014 and 2016, and UKVI guidance for visa-related financial support statements

Financial Services and Markets Act 2000: Governs financial declarations and commitments within the statement of financial support

Data Protection Laws: UK GDPR and Data Protection Act 2018 requirements for handling personal and financial information

Fraud Act 2006: Ensures truthful and accurate statements, preventing fraudulent representations in financial support declarations

Contracts Law: Common law principles governing contract formation and enforceability requirements

Money Laundering Regulations 2017: Requirements for verification of financial sources and anti-money laundering compliance

Consumer Rights Act 2015: Applicable consumer protection provisions in context of financial support

Family Law Act 1996: Relevant provisions when financial support is provided in a family context

Equality Act 2010: Ensures non-discriminatory practices in financial support arrangements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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