Tier 1 (Investor) migrants – looming deadline for Gilts

Tier 1 (Investor) migrants – looming deadline for Gilts

Did you, or your clients, get an initial Tier 1 (Investor) visa before 29 March 2019?

Do you, or your clients, still hold any Gilts in your portfolio of qualifying investments?

If so, then unless you are applying for an extension of your visa before 6 April 2023 you run the risk of going into investment default because Gilts will cease to be qualifying investments from 6 April 2023.

If you want to avoid this, you need to urgently revise your portfolio before then, by selling your Gilts and reinvesting the gross proceeds into qualifying investments.

Every portfolio is different, and it is possible that you may not need to sell your Gilts if the value of the rest of your portfolio investment in qualifying investments is large enough.

If you still have any Gilts in your portfolio and have any concerns about being invested in qualifying investments, please contact us for an expert opinion.

Click here for further information on our Immigration team.