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My employer changed payroll systems partway through the year, so my payslip reset and I've got two income statements. Will that affect how much I can borrow?
Bayley Clarke · Mortgage broker on the road · Last checked 11 November 2026 · 2 min read
The short answer
No. We just need everything to line up. I've had plenty of clients whose employer changed payroll providers mid-year, and it doesn't hurt their borrowing at all.
What happens is the new payslips start with a blank year-to-date column, so they don't show what you've earned this financial year up to that point. We fix that by adding the old and new figures together, either from your payslips or from your income statements on myGov.
The 60 second version, filmed from the driver's seat. The rest of this page is the detail underneath it.
Why the payslip looks wrong
When an employer moves to a new payroll system, the new system starts counting from zero. Your pay hasn't changed, but the year-to-date total on your latest payslip suddenly looks tiny, because it only covers the weeks since the switch.
A bank uses that year-to-date figure to check your income is what you say it is and that it's been steady through the year. So a reset payslip on its own can look like you've barely earned anything. It isn't a problem, it's just half the picture.
How we put it back together
The simple fix is two payslips. We grab your last payslip from the old system, the one right before the change, and your latest payslip from the new system. Add the two year-to-date figures together and that's your total earnings for the financial year so far.
Even better as a source of truth is your income statement on myGov. After a payroll switch you'll usually see two income statements from the same employer for this financial year, one before the change and one after. Same rule applies: add them together. Because that comes straight from the tax office records, it's a clean way to show the full year.
The honest bit: it's paperwork, not a red flag
A payroll change doesn't change your income in the bank's eyes. What matters is still the usual stuff: your base pay, how long you've been there, and whether any overtime or allowances are regular. The two-statement thing is just about showing the numbers properly.
Where it can catch people out is when nobody explains it in the application and the assessor sees a tiny year-to-date figure. That's why I line it up before it goes in, so the question never gets asked.
Not sure your payslips tell the full story?
A 30 minute call. We go through your income, line up the documents properly and work out what you can borrow.
No cost to you. The bank pays me when a loan settles. · How I get paid
Next question
I've started a higher paying or higher duties role. Will the bank count my new income?A promotion onto a higher base generally counts. Higher duties, where you're filling in for someone, often doesn't.
Related answers
The full guide: What income counts for a home loan? The full guide: Home loans after changing jobs What documents do you actually need from me for a home loan? Will the bank count my bonus income? Do shift allowances and penalties count as income? I haven't done last year's tax return. Can I still get a home loan?Not your question? Book a call and ask it, or call 0437 189 939.