Work done by the piece and paid at a set rate per unit is acceptable and weighted at 100% where:
For employed customers:
The customer must have a 12-month employment history within the same role.
The lower of the annual income on the latest P60 or annualised income from the latest 3 months’ payslips should be declared as the annual income.
Packaging guidance:
The latest P60, 3 months’ payslips and bank statements will be required to verify income.
For self-employed customers:
The customer must have 2 years’ trading history.
The lower of the annual income seen on the latest SA302 or annualised income from the latest 3 months’ business bank statements should be declared as the annual salary.
Shorter terms of employment or self-employment may be reviewed where the individual is a skilled worker or professional.
Packaging guidance:
The last 2 years’ tax calculations, tax year overviews(TYOs) and the latest 3 months’ business bank statements will be required to verify income.