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Income Annualisation Calculator

Lenders often annualise your year-to-date income from a payslip to estimate your yearly earnings, especially if you've started a new job or your hours change. Enter your year-to-date income and the dates it covers to see the annual figure a lender might use.

Started a new job or changed your hours? Enter your year-to-date income and the dates it covers to see an estimated annual income.

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Use the income annualisation calculator

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How to use the income annualisation calculator

Enter the year-to-date gross income from your latest payslip.
Enter the start date and end date the year-to-date figure covers.
Read the estimated annual income.

Things to know

Lenders often annualise payslip figures to check your income, especially for overtime, allowances or casual work. Each lender has its own rules about what it will count and how far back it looks, so the figure here is a guide. If your income goes up and down, we can help you find lenders that assess it fairly.

Hot Tip: Keep your last two payslips and your most recent income statement handy. They are usually the first documents a lender asks for.

Worked example (illustrative)

A payslip shows $45,000 year-to-date for the period 1 July to 31 December. The calculator divides by the days covered and scales to a full year, giving an annual estimate of about $90,000.

What this calculator assumes

Your income continues at the same rate for the rest of the year.
The year-to-date figure is gross (before tax).
Lenders may treat overtime, bonuses and allowances differently from base salary.

Related guides

Frequently asked questions

Why do lenders annualise income?

Your base salary may not show overtime, allowances or reduced hours. Annualising the year-to-date figure on your payslip shows what you're actually earning over a year, which lenders use to check your income is consistent.

Which dates should I enter?

Use the start date of the financial year (or your start date if you began the job during the year) and the pay period end date shown on your latest payslip. Using the right dates matters, because a short period with high overtime can overstate your income.

Do all lenders treat overtime the same way?

No. Some lenders count most regular overtime while others count only part of it or need a longer history. We compare policies across 50+ lenders to find one that suits your income. Payslips and a letter from your employer help.

Got a number? Let's see what it means for you

A calculator can tell you what the maths says. It can't tell you which lenders would accept your application, how they treat your income or whether a different structure would suit you better. Book a complimentary loan strategy session. We're based in Brisbane and help clients right across Australia, and in most cases you won't pay us a broker fee because we're paid by the lender you choose.

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