102. Extension of leave to remain of retired persons of independent means.

An extension of stay as a retired person of independent means, with a prohibition on the taking of employment1, may be granted so as to bring the person's stay in that category up to a maximum of five years in aggregate, provided the Secretary of State2 is satisfied3 that the applicant:

  1.  

    (1)     entered the United Kingdom4 with a valid United Kingdom entry clearance as a retired person of independent means5;

  2.  

    (2)     has under his control and disposable in the United Kingdom an income of his own of not less than £25,000 per annum6, is able and willing to maintain