Proof of income for self-employed

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proof of income for self-employed

If you are self-employed or working for your family, it is typical to not receive any payslips. But what if you need to get a loan from the bank, or buy a new car or house, or even just rent an apartment? You will need to provide proof of income for approval.

Most banks ask for payslip as proof of income as a way to verify the borrower's ability to repay their debt and to demonstrate that he/she have a steady job and solid source of income. Anyone who cannot provide a payslip are seen as a higher risk.

The following are some of the reasons why banks see payslip as a vital document :

  • Payslips are the most reliable way of verifying someone's income.
  • It shows your Year To Date (YTD) income to calculate if your current inncome has been consistent throughout the financial year.
  • It shows expenses such as tax and any debts your are paying direct from your pay such as salary packaging expenses.
  • The bank can see whether you are employed as a permanent or casual employee.

Makepasylip.co.uk provide advanced and detailed payslips for you that meet specific requirements from the banks.

The following are the standard requirements:

  1. It must be dated less than four weeks from the date of application. Old payslips may not be accepted.
  2. It should include the employee's name, year to date income, pay period details and the employer's ABN/ACN number.
  3. It must be computer generated using an accounting system. handwritten pay advices or pay envelopes are not accepted on their own.

proof of income

Standard A1, A2 and A3 Payslips made easy

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As an employer, we understand your constant need for an efficient and faster way of providing payslips for your employees. That's why we made ordering of payslips a very easy process that takes just a few minutes.

Standard A1, A2 and A3 Payslips are your basic payslips that comes in different colors.

They are printed on a high quality printer with a laser guaranteed paper in a landscape format. It details an up to date payroll system with accurate calculation of:

  • employee's net pay
  • deductions
  • company name
  • employee name
  • national insurance number
  • date of pay

Makepayslip.co.uk offer different types of Standard Payslips depending on what your company requires or what will suit your payroll management styles:

 

1. Standard Payslip

Standard PaySlip

2. Standard A1 Payslip

Standard a1 PaySlip

3. Standard A2 Payslip

Standard A2 PaySlip

4. Standard A3 Payslip

Standard A3 PaySlip

 

How to purchase it?

With makepayslip.co.uk, hover your pointer to Make UK Payslip on the upper right side of the website. It is where you can choose between Standard Payslip, A1, A2 or A3 Payslips. You will then be taken to a form where you will be asked to fill your company and your employee's information.

You are given a choice to have auto-calculator on or off. Auto-calculator on simply means we do all the calculations for you. The only thing you have to provide is the rate per hour or per day (depending on how often you pay your employees) and the number of hours or days the employee worked. Whereas turning it off, you will have to input and calculate everything manually.

We will immediately email PDF copies of your document once it is finish. Do note that we provide money back guarantee if you are not satisfied with our work.

Why choose online payslip

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Online payslip

If you are a business owner, you know your obligation to provide payslip to your employees- even if it is only one staff member. Failing to do so will get you in hot waters with the government, not to mention your employees.

We know that making payslip is a tedious task that has to be done according to the books. It is an added workload to the owner unless you employ an accountant. But since you’re only a start-up company with one or two employees, you don’t feel the need to hire one, or can’t afford it. Luckily for them, there are companies who provide online payslips for prices lower than what you would have to pay for an accountant. 

Payslips can be used for multiple purposes:

  1. It acts as proof of your earnings, tax paid and any pension contributions.
  2. It validates that you are working in a respectable company and have a standard income.
  3. Payslip contains your legal informations which act as evidence of your authenticity if you ever need financial help in the bank.
  4. If you are seeking for a new job, wants to acquire a car or property, then you definitely need payslip.

Basically, Payslip is a proof of your financial stability. Needless to say, losing it will cause you a lot of troubles.  Once lost, employers cannot reproduce it again.

That's why most companies- and employees prefer online payslips.  This way it will be easier for them to file, copy or keep track of their payslips. Aside from the fact that it can be easily  generated anywhere and anytime at their convenience since it it online.online payslip

 

Makepayslip.co.uk is a company that offers different type of payslips. From Standard Payslips (A1, A2, and A3) to Modern Style Paystubs complete with your company logo.

 

The computations, printing (and even producing of duplicates for lost payslips) are done on the basis of necessary informations you fill up on the payslip you purchased.

Now we understand that most of you are hesitant to use online payslips as you will be giving away important informations of your company and employees. That is why makepayslip.co.uk takes pride on being SSL certified. SSL stands for Secure Sockets Layer, it is another layer of security given to verified online websites to protect their consumers. It simply means that we are legit and that the payslips we produce are authentic.