Separate the income types
Record base pay, overtime, commission, bonuses, allowances, casual shifts, contracting, and secondary work separately.
Show the pattern
Keep payslips, employment terms, tax records where relevant, and bank credits. A lender may consider type, frequency, duration, contractual basis, recent pattern, and expected continuity.
Include parental-leave timing
If parental leave changes current pay, return-to-work timing, or the household budget, keep the leave arrangement, expected return date, future employment terms, and any current income evidence together. Treatment is lender-specific; do not assume future income will be counted in a particular way.
Avoid peak-month assumptions
Explain changes instead of presenting a peak month as a permanent baseline. No universal percentage or averaging rule should be assumed.
Illustrative example
Chris receives roster-dependent overtime for six months. Separating base pay and overtime makes the evidence easier to understand without promising that the variable income will be accepted.
Evidence categories to organise
- Base income
- Variable-income history
- Employment terms
- Payslips
- Tax records
- Evidence of continuity
This guide is general information only. MoreGage does not provide regulated financial advice, a lending assessment, approval, or an offer.