Income types we consider
Whether your client is PAYG, self-employed, earning multiple income streams, earning non-standard income or receiving variable income, we offer flexible income verification options across eligible home loan options.
Use the guide below to identify the income type, understand what's generally accepted and see the documents you'll need to support an application.
PAYG employment
May be suitable for clients who are:
Full-time employees (from 1 day employment)
Part-time employees (from 1 day employment)
Casual employees
Fixed-term or contract employees
Income we may consider
Base salary or wages
Overtime
Allowances
Bonuses
Commissions
Shift penalties (subject to policy)
Superannuation
Housing allowance provided by employer
Car allowance
Maternity leave income
Foreign income
Typical documentation
| Income type | Documents |
|---|---|
| PAYG salary | Either Last Payslip or 3 month bank statement (noting salary credits) with one of the following:
|
| New employment | Employment contract and/or first payslip (subject to policy) |
| Variable income | Additional payslips or income history may be required |
Self-employed – Full doc option
May be suitable for clients who can verify income through financial documentation.
Income we may consider:
Business income
Director's salary
Trust distributions
Partnership income
Sole trader income
Addbacks: depreciation, leasing, interest, additional super contributions
Typical documentation
We may ask for the following:
Last 1 or 2 year’s individual tax returns and notice of assessment, and business tax returns (where applicable): or
Last 1 or 2 year’s financial statements signed by accountant or registered tax agent
Self-employed – Alt Doc option
May be suitable for eligible self-employed clients who may not have up-to-date financial statements or tax returns. Or those who’ve experienced growth recently.
Typical documentation
Income verification options may include declaration of financial position plus one of the following:
Accountant's letter
Last 6 months Business Activity Statements (BAS)
Last 6 months Business bank statements
Rental income
Pepper Money may consider for eligible investment properties:
Rental income from investment properties
Airbnb, Stayz and
foreign overseas properties
Typical documentation
See our investor page for the types of documentation your client may need to provide
Investment income
Pepper Money may consider eligible investment income, including:
Interest income
Dividend income
Managed investment distributions
Forms of guaranteed income (inheritance and trust beneficiaries)
Typical documentation
Bank statements
Investment or portfolio statements
Last 1 or 2 years Certified Tax Returns and Tax Assessment Notices: OR
Last 1 or 2 years Financial Statements prepared and signed by a registered tax agent or qualified accountant
Government payments
Some government payments may be considered where they are ongoing and meet policy requirements:
Centrelink pensions
Housing allowance provided by government bodies
Child support payments ordered by a court or a child support agency agreement exists
Family tax benefit A and B
Rental sickness and pharmaceutical allowances are unacceptable
Typical documentation
Centrelink income statement
Supporting payment summaries
Bank statements where required
Child Support Agency letter to confirm the maintenance agreement, if needed.
Multiple income sources
Clients don't need to fit into a single income category.
Pepper Money may assess clients with multiple income streams, such as:
PAYG + rental income
PAYG + self-employed income
PAYG + investment income
Multiple casual employers
Salary plus commission or bonuses
Each income source is assessed in accordance with the applicable lending policy and verification requirements.
Before you submit
A complete application helps reduce assessment time. Before lodging, make sure you've provided:
Income documents for every income source being relied upon
Evidence of employment or business trading where applicable
Supporting bank statements if required
Documentation for any additional income included in servicing
All documents are current, complete and legible
Need help? If your client's income doesn't fit a standard scenario, contact your Pepper Money BDM or the Scenario Team before submitting the application. We're here to help you find a solution. If we can, we will.
Ready to help your clients find a loan that suits them?
Frequently Asked Questions
Casual income may be considered where employment history and income stability meet policy requirements.
Options are available for eligible self-employed borrowers, including both full documentation and alternative documentation lending solutions.
Alt Doc solutions may help eligible self-employed borrowers demonstrate income using alternative forms of verification where traditional tax return documentation may not reflect the current position of their business.
Contractor income may be considered subject to product requirements and supporting documentation.
Eligible rental income may be considered as part of the overall servicing assessment.
Certain Centrelink payments may be considered where permitted by lending policy and individual circumstances.
Some eligible business expenses may be added back when assessing self-employed income, subject to policy requirements and verification.
Important Information
Information is correct as at [Product guide date] 2026 and subject to change at any time.
This content is for accredited Pepper Money brokers, introducers and intermediaries, including those applying for accreditation. It shouldn't be distributed to or relied upon by consumers.
All Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Information provided is factual information only, and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser.
