Step 3 : Guidelines on income
We can consider a variety of types of income.
- Income from permanent employment, full-time or part-time
- Overtime/bonuses/commission/shift allowance, if they are regular and your employer guarantees them
- Income from contract employment, if the contract is for at least 2 years and your employer confirms it will be renewed
- Some state benefits (disability living allowance if awarded for life, working families tax credit and disabled families tax credit)
- Private pensions
- Income if you are self-employed, based on your last 2 sets of accounts and one year projections.
The application form prompts you to include payslips and copy P60 if applicants are employed, or accounts and projections if they are self-employed. But whatever the income source, the principle is the same – we will require documentary proof.
Including proof of each type of income with the application speeds up the process.
