The Minister of State for Immigration and Security today announced that reforms to immigration appeals procedure will come into effect from 6 November 2014. Alongside these reforms the minister has also announced amendments to the Tier 1 (Investor) route in line with the Migration Advisory Committee (MAC) recommendations. The minimum investment threshold will be raised to £2,000,000 from 6 November 2014. The Government will consult further on the nature of the investments being made as one of the main issues highlighted by the MAC report was that the current investment programme into UK gilts did not deliver real economic benefits.
For further information contact a member of our Wealth Planning team.
