Verifying Income: Pension

To manually verify your pension income you'll need to enter your income details. In order for our referencing team to verify this, you will need to provide evidence of this income by uploading one of the following documents:

• SA302
• Accountant's reference letter
• Tax Return (SA100)
• Bank statements
• P60
• State pension annual statement
• Pension payslips

Please see the criteria for these documents below:

SA302:

This is a summary of the tax year. If you complete your own Self-Assessment tax return, you can download your SA302 from your HMRC online account. Follow the instructions here.

Alternatively, if your SA302 has been prepared by your accountant, then we would require a signed letter attached from your accountant that confirms the submission.

What we are looking for:

• Your name.
• The document is dated within the most recently completed fiscal year.
• Total income. Please note: we take the overall income including the personal allowance.
• Internet receipt barcode or letter from accountant to confirm submission.

Accountant's reference letter:

This is acceptable with a minimum of 6 months of accounts to be considered.
We can only accept an accountant's reference if we are able to validate the accountant. This means the accountant must work for a professional accountancy business or belong to a professional accounting body such as ACCA).

What we are looking for:

• Your name and nature of your self-employment (sole trader, director, partner).
• Date the document was prepared, this must be within a month of referencing.
• Finalised figures and dates for the most recently completed fiscal year. We cannot accept any previous figures or estimated figures.
• Their name and job title.
• Company letterhead and signed by your accountant.

Tax Return (SA100):

This must be a tax return that has been fully submitted to HMRC. We cannot accept un-submitted or incomplete tax returns. 

What we are looking for:

• Your name and nature of your self-employment (sole trader, director, partner).
• Dated within the last completed financial year. We cannot accept any previous tax returns.
• We will verify your total income before tax, as stated on the tax return.
• Proof of submission. Below is how you know your tax return is submitted:
  • It has an internet receipt barcode on the left of the page.
  • It has the Copy Only watermark across the page.
  • The online form will state 100% complete on the form.
  • A letter from the accountant to confirm submission.

Bank Statements:

We require your 3 most recent fully itemised bank statements. If this is a joint bank account we may ask for additional evidence that the pension payments are your pension payments. You can speed this up by uploading another pension document.

What we are looking for:

• Details of your bank.
• Must be in your name.
• Account number (this is to ensure all statements are from the same account).
• Date the bank statement was provided and the dates of the transactions.
• All incoming and outgoing payments.

P60:

This must be your most recent P60. We cannot accept P60s that are not from the most recently completed fiscal year. 

What we are looking for:

The following requirements must be presented on the documentation in order for us to verify your income.

• Must be in your name.
• Details of the pension provider.
• Show the dates of the financial year.
• Must show your total annual pension income.

State pension annual statement:

This must be your most recent statement. We cannot accept any statements that are not from the most recently completed fiscal year. 

What we are looking for:

• Details of the pension provider.
• This must show your full name.
• Dates must be clearly presented.
• The value of your pension payments and how frequently the payments are made.
• The number of pensions you are in receipt of.

Pension payslips:

• If you are paid monthly: 3 most recent months' consecutive payslips.
• If you are paid weekly: 4 most recent weeks' consecutive payslips.
  
• If you are paid bi-weekly: 3 most recent months' consecutive payslips.

What we are looking for:

• Details of the pension provider.
• This must show your full name.
• The dates of the payslips and the pay periods.
• Your gross pension income.
• They should show the payment frequency.

If none of the above is available we can accept a signed reference letter from your pension provider. This will need to be on company letterhead and confirm the value of your pension payments and frequency.

Please see here for assistance in completing the Income section of your RentPassport™.