Income, Treatment - Main Income
| Basic Income/Contract Type | Acceptable Income Y/N | Amount to be Keyed | |
|---|---|---|---|
| Basic Salary | Y | 100% | |
| Overtime | Y | 100% (60% used for affordability) | |
| Bonus | Y | 100% (60% used for affordability) | |
| Commission/tips/gratuities/tronc payments | Y | 100% (60% used for affordability) | |
| Holiday Pay | Y | 100% | |
| Fixed / Short / Temporary Contracts - If Company Paying Tax | Y | 100% | |
| Fixed / Short / Temporary Contracts - If Client Paying Tax | Y | 100% | |
|
Employed in a Family Business - If Less than 25% Invested interest & No dividends received (Treat as employed) |
Y | 100% | |
|
Employed in a Family Business - Equal to or greater than 25% Invested interest or Less than 25% Invested interest & dividends received (Treat as Self Employed) |
Y | 100% | |
| Ltd Company - Director/Shareholder receiving Basic PAYE salary ONLY less than 25% shareholding (Treat as employed) | Y | 100% | |
| Ltd Company - Director/Shareholder - Wanting to use - Basic PAYE salary ONLY Equal to or greater than 25% shareholding (Treat as self employed) | Y | 100% | |
| Ltd Company - Director/Shareholder - Wanting to use Basic PAYE salary + dividends ONLY Irrespective of share holding (Treat as Self Employed) | Y | 100% | |
| Ltd Company - Director/Shareholder - Wanting to use -Basic PAYE salary + Net Profits ONLY irrespective of share holding (Treat as Self Employed) | Y | We do not typically accept net profits | |
| Self employed - Sole Trader | Y | 100% | |
| Self employed / Share holding of a Non Ltd Company (i.e. Partnership) Taxable Income | Y | Key applicant’s proportion of shareholding | |
| Employed by/Partner of PLC or LLP - Irrespective of share holding Basic PAYE salary or drawings (Treat as Self Employed) | Y | 100% | |
| Maternity/Paternity/Adoption Pay | Y | 100% | |
| Probationary Contract | Y | 100% | |
| Temporary (Includes Seasonal and Piecework) | N | 0% | |
| Town, Area or Car Allowance (excluding mileage). Including Large town, area allowance eg London weighting/cost of living supplement | Y | 100% | |
Affordability must also include any known future changes to income. Please refer to Future Changes, for more information on when the known future changes should be reflected within income.