LICO calculation

[babuka]

I sponsored my parents. my spouse withdrawn as a co-signer.CIC is reassessing me as a single sponsor and asking for my income from oct 2011 to oct 2012. I meet LICO for 2011 year and for 2012 but not sure how they are going to calculate LICO.Is there any formula they apply? please help

 

[scylla]

You must be making enough money to support yourself, your husband, your children (if you have any) and your parents.

Assuming you have no children, this means that you must be making sufficient income to meet the LICO for 4 people.

 

[kenyatta]

it will be calculated from your notice of assessment or ur option c for those years requested

 

[Luck786]

Add all the income from oct11 to oct 12 ,if it is more then the required lico then you are fine.cic is calculating on previous 12 months .