Calculators
Income annualiser
Type in the numbers from your latest payslip and see your year-to-date income turned into a full-year figure. This is roughly how a lender's assessor reads a payslip: expected base pay so far, anything above it (overtime, commission, allowances), and what the year is tracking towards.
Estimated annualised income
$0
Expected base YTD
$0
Actual gross YTD
$0
from your payslip
Non-base income in your YTD
$0
Pay-cycle annualised
$0
Projected FY total
$0
This calculator gives estimates for general information only. It is not credit advice or an offer of credit, and it does not take into account your objectives, financial situation or needs. Results depend on the figures you enter and the assumptions shown below, which you can edit. Actual amounts will vary with lender fees, charges and credit criteria. Consider your circumstances and seek advice before acting. Talk to us and we'll search for options available to you across 60+ lenders.
This tool estimates gross income from the figures you enter, roughly the way a lender's assessor annualises a payslip. It is general information only, not financial or credit advice, and no lender outcome is implied. Every lender applies its own policy to overtime, commission, allowances and bonus income - some count 80% of it, some 100%, some less - so the income a lender uses can differ from the figures here.
Assumptions (you can change these)
Every figure this calculator relies on is editable in the form above: the financial year start, the payslip period end date, the pay frequency, the base salary and its unit, the gross year-to-date amount and the optional employment start date. The conventions below describe how the maths works.
Day counts include both end dates, so a payslip period ending on the financial year start date covers one day. If you enter an employment start date after the financial year start, counting begins from the employment start instead.
Elapsed pay periods are counted the way an assessor typically does: weekly = days elapsed divided by 7, fortnightly = days divided by 14, and monthly = calendar months (with part months pro rata by day). The count can be fractional when your pay cycle does not line up exactly with 1 July. This convention also copes with years that contain 27 fortnightly or 53 weekly pays.
Expected base YTD is your base pay per period multiplied by the elapsed periods. Anything in your gross YTD above that is shown as non-base income (typically overtime, commission, allowances or bonus). A negative figure usually means unpaid leave, reduced hours or a recent pay change.
Two annualising conventions are shown, because assessors use both: the day-count convention divides gross YTD by days elapsed and multiplies by 365 (a 365-day year is always used, including leap years), and the pay-cycle convention divides by elapsed pay periods and multiplies by the periods in a year (52, 26 or 12). They differ slightly because 52 weeks is 364 days, not 365.
The projected FY total is your actual gross YTD plus base-only pay for the rest of the financial year - a deliberately conservative projection that assumes no further overtime or commission.
All amounts are gross (before tax). Nothing here checks award rates, casual loadings or salary sacrifice arrangements.
Plain English
How a lender reads your payslip
When you apply for a home loan, an assessor doesn't just take your salary at face value. They pick up your most recent payslip, look at the gross year-to-date figure, and check it against what your base salary says it should be. The gap between the two tells them how much of your income is overtime, commission, allowances or bonus - and that's where lender policy kicks in.
Why the non-base part matters
- Base salary is usually counted in full. It's contracted, regular and easy to verify.
- Overtime and commission are shaded. Some lenders count 80% of it, some 100%, some want two years of history before counting it at all. The same payslip can support a very different loan amount from one lender to the next.
- Allowances vary too. Shift, site and industry allowances are treated differently again, and some lenders have carve-outs for essential-services workers who earn regular structured overtime.
What the annualised figure tells you
Annualising simply scales your year-to-date earnings up to a full year. Early in a financial year a single big pay can swing it a lot, which is why assessors often sanity-check against last year's group certificate or tax return. If your YTD is below your expected base, that's usually unpaid leave, reduced hours or a recent pay change - worth explaining up front in an application.
Because every lender shades non-base income differently, the strongest version of your application depends on matching your income mix to the right lender's policy. That's exactly what we do. Bring us a payslip and we'll tell you how different lenders would read it - across 60+ lenders, in plain English.
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