Income, Verification - Main Income

Basic Income/ Contract TypePreferred Verification DocumentAlternative Verification Document
Basic SalaryLatest payslip, (this applies whether the applicant is paid weekly or monthly).Employers Reference
Overtime    
Bonus    
Commission
If received monthly or quarterly, then three months' payslips supported by YTD figure (6 weeks if paid weekly). If received annually, payslip showing bonus amount.Employers Reference
Holiday PayLatest payslip, (this applies whether the applicant is paid weekly or monthly), unless you are unable to determine the level of holiday pay due to other benefits i.e. overtime/shift allowance. In this case 3 months payslips would be required.Employers Reference
Fixed / Short / Temporary Contracts -  
If Company Paying Tax   (excluding CIS Contractors)
Latest payslip, 
(this applies whether the applicant is paid weekly or monthly).
Employers Reference
Employed in a Family Business
If Less than 25% Invested interest 
(Treat as employed)
Latest 3 months payslips (6 if paid weekly or fortnightly), and corresponding bank statements. 
Employed in a Family Business
Equal to or greater than 25% Invested interest 
(Treat as Self Employed)
Last 3 years SA302sLast 3 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder - 
receiving - 
Basic PAYE salary ONLY 
less than 25% shareholding 
(Treat as employed)
Latest payslip, (this applies whether the applicant is paid weekly or monthly).Employers Reference
Ltd Company - Director/Shareholder
 Wanting to use - 
Basic PAYE salary ONLY 
Equal to or greater than 25% shareholding 
(Treat as self employed)
Last 3 years SA302sLast 3 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder -  
Wanting to use  
Basic PAYE salary + dividends ONLY 
Irrespective of share holding 
(Treat as Self Employed)
Accountants Reference
Last 3 years finalised accounts signed off by accountant
Ltd Company - Director/Shareholder -  
Wanting to use   -  
Basic PAYE salary + Net Profits ONLY 
irrespective of share holding 
(Treat as Self Employed) 
Note:   Net Profits cannot be used without referral to Underwriters
Last 3 years finalised accounts signed off by accountant
Accountants Reference
Self employed - Sole TraderLast 3 years SA302sAccountants Reference or last 3 years finalised accounts signed off by accountant
Self employed / Share holding of a Non Ltd Company (i.e. Partnership) 
Taxable Income
Last 3 years SA302sAccountants Reference or last 3 years finalised accounts signed off by accountant
Employed by/Partner of PLC or LLP -  
Irrespective of share holding  
Basic PAYE salary or drawings 
(Treat as Self Employed)
Last 3 years SA302sAccountants Reference or last 3 years finalised accounts signed off by accountant
Maternity LeaveLatest payslip received when workingEmployers Reference
Probationary ContractLatest payslip, 
(this applies whether the applicant is paid weekly or monthly).
Employers Reference
Additional Responsibility AllowanceLatest payslip, (this applies whether the applicant is paid weekly or monthly).Employers Reference
Seasonal ContractN/AN/A
Piecework ContractN/AN/A
TemporaryN/AN/A
Fixed / Short / Temporary Contracts -  
If Client Paying Tax
Treat as Self employed 
IT ContractorTreat as self employed 
CIS ContractorsTreat as self employed