You could need a proof of income letter for anything from taking a loan, buying a house to travelling to another country, or to decide child support/alimony payments.
These letters are written by the employer and include important information needed to understand the employee’s financial standing; such as the annual pay and bonuses, the position and status in the company, and perhaps even how long they have been working there. The overall point that you have to bring across is that your employee has the capacity to pay off his loan, mortgage or be able to afford the cost of living in the other country.
You can begin the letter by addressing the reason it is required and then going on towards explaining the employee’s income, earning and other factors which highlight their financial stability. In most cases you send a salary statement along to prove what you’ve written. Here is a sample for your convenience:
3273 Hilltop Haven Drive
Little Falls, NJ 85411
March 28, 2017
Ms. Margaret Sloane
1528 Drummond Street
Little Falls, NJ 07424
Dear Ms. Sloane:
This letter is to prove the income and financial stability of Stephan Blake, who has applied for a car loan from your company. Stephan has worked as a project manager for my landscaping company for the last two years. I believe that he will continue to do so for a long time.
Stephan has a strong footing in the company and his annual salary, after all necessary tax deductions is $ 98,000. We also give our employees an attendance bonus of 15% every year, and he has been able to qualify for it every year he has been working. Other than that, he is paid an additional $20,000 for every project, after he has completed the minimum four per year. He has so far been able to do more than six projects per year. These bonuses can be included in his annual income, and last year he managed to make a total of $172700.
I believe that with his stability in the company, his income will not waver and that makes him more than eligible for the loan he has requested. Enclosed please find Stephen’s salary statement of the last two years. If there remains anything you need to have cleared by me, feel free to contact me at (000) 854-2012.
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