Turn your Year-To-Date (YTD) earnings into a clear annual projection. By using your latest pay period end date, our calculator determines exactly how many days you’ve been paid for this financial year and forecasts your total earnings. It’s the fastest way to see the “annualised” figure a lender will use to assess your home loan.
See what your income looks like on an annual basis — so you can feel confident and empowered when thinking about your finances.
| Fortnightly paid | Weekly equivalent | |
|---|---|---|
| – days elapsed | – | – |
| Casual equivalent over 48 weeks | – | – |
The results from this calculator are for indication purposes only and do not represent quotes or pre-qualifications for a loan. The specific details of your loan will be provided in your loan contract. It is recommended that you consult a financial adviser before making any financial decisions.
Lenders don’t just take your last weekly payslip and multiply it by 52. They look at your Year-To-Date (YTD) income—the total amount you’ve earned since July 1st—to get a true average of your earnings, including overtime and fluctuating hours.
This calculator does the heavy lifting by counting the exact number of days elapsed in the financial year and converting your YTD gross total into a reliable annual salary, fortnightly average, or weekly equivalent.
Get a true average. If your hours fluctuate, this tool averages your total earnings over the exact number of days you’ve worked, giving a more stable figure than a single payslip.
Started mid-year? No problem. By selecting “No — I started during the year,” the tool calculates your annual potential based only on your tenure, not the whole 365 days.
Know your equivalent. See how your current YTD earnings stack up as a “Casual Equivalent” over 48 weeks, helping you understand your income from a lender’s perspective.
While this calculator is a powerful starting point, keep these factors in mind to ensure accuracy:
The 1st of July Reset: Remember that YTD figures on your payslip reset every July 1st. If you use the calculator in July or August, the “snapshot” is very small and may not reflect your true annual average.
One-Off Windfalls: If you received a massive one-off bonus recently, annualising it might “inflate” your projected income unrealistically. Lenders often look for consistency.
Lender Shading: Most banks won’t accept 100% of your overtime or bonuses. They often “shade” this income (e.g., only counting 80%) to account for potential future fluctuations.
Leave Without Pay: If you took an unpaid sabbatical or extended holiday during the YTD period, your annualised figure will look lower than it actually is.
Tax Requirements: This calculator estimates gross (pre-tax) income. Don’t forget that your “take-home” pay will be lower after the ATO takes its slice!
Let’s dive into the commonly asked questions about Income Annualisation.
Check your most recent payslip for a figure labeled “Gross YTD” or “Year to Date.” This is the total amount paid to you since July 1st (the start of the Australian financial year).
Always use the Pay Period End Date shown on your payslip. This ensures the calculator counts the correct number of “paid days” rather than the day the money hit your bank account.
Lenders often assess casual employees differently, accounting for 4 weeks of “unpaid” time (holidays/sick leave). This result gives you a conservative estimate that aligns with how many Australian banks view casual stability.
Not quite. While this tells you your annualised income, lenders will still apply “shading” (discounts) to certain income types like overtime or bonuses, usually taking only 80% of those figures into account.
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