Calculators
Year-to-date income calculator
A lender will take the year-to-date gross off your payslip and run it out to a full year, then compare the result with the salary you've quoted. Do it first, and you'll know what they're going to ask about.
From your payslip
The end of the period this payslip covers — the date the year-to-date figure is current to.
Defaults to 1 July, the start of the Australian financial year. If you started this job later, use your start date instead.
Starts at your base salary pro-rated to —, so the page opens on a sensible figure. Replace it with the gross year-to-date total from your payslip.
For comparison
Your contracted annual salary or ordinary-time wage, excluding overtime, bonus, commission and allowances.
Annualised gross income
$0
Enter the pay period end date from your payslip.
Email me these resultsPlus a quick note on what a lender would actually do with them.
Base salary versus what the payslip implies
The gap between the first two bars is your overtime, bonus and commission. The third is roughly what survives a lender's shading.
- Base salary$0
- Annualised from your payslip$0
- What a lender may assess$0
Under the bonnet
Assumptions & how we calculate
We show our working so you can judge the number, not just read it. Every lender applies its own policy on top of maths like this.
- The Australian financial year runs 1 July to 30 June. The calculation defaults to 1 July and counts the pay period end date as a day worked, so 1 July to 31 December is 184 days.
- Pay periods completed are the days elapsed divided by the length of one pay period, rounded to the nearest whole period, with a minimum of one.
- Annualised gross is the average per pay period multiplied by 52, 26 or 12. The days-elapsed figure shown alongside it is a cross-check using the same year length.
- Where the annualised figure is above the stated base salary, the difference is treated as variable income and shaded to 80% — a common lender approach, not a rule. Real policy varies by lender, by income type and by occupation.
- If employment started after 1 July, the start date needs changing; otherwise the figure is spread across months that were not worked.
- Salary sacrifice, allowances, HELP debt, superannuation and tax are not modelled. This annualises a gross figure, nothing more.
The information on this website is general in nature and does not take into account your personal objectives, financial situation or needs. Before acting on any information you should consider whether it is appropriate for you. Terms, conditions, fees, charges and normal lending criteria apply. Rates are subject to change.
FAQs
Questions people ask
Why do lenders annualise the YTD figure on my payslip?
Because it is the hardest number on the page to dress up. Your base salary is what your contract says; the year-to-date gross is what you have actually been paid. Annualising it tells a lender whether your stated income stacks up, and how much of it comes from overtime, shift loadings, commission or bonus rather than ordinary time. A big gap either way invites questions.
How does the Australian financial year affect this?
Year-to-date figures on Australian payslips normally reset on 1 July, so the calculator annualises from that date by default. Early in the financial year — July, August, September — the figure is volatile, because one large or missing pay distorts it badly. Lenders know this, which is why they often ask for the prior year's payment summary as well.
What if I started this job part-way through the year?
Then annualising from 1 July understates your income badly, because the calculator would spread your pay across months you were not employed. Change the start date to your actual first day and the calculation runs from there. Lenders do the same thing, though many will also want to see continuity of employment or the same line of work before relying on it.
Will a lender use my annualised income or my base salary?
Usually something in between. Base salary is generally taken at face value. Overtime, commission, bonuses and allowances are shaded — commonly to around 80%, sometimes less, sometimes nil — and many lenders want one or two years of history before counting them at all. Policy varies enormously by lender and by occupation: essential-services overtime is often treated more generously than discretionary bonuses.
My annualised income is below my base salary. What's gone wrong?
Usually nothing. Unpaid leave, a late start date, a pay rise part-way through the year, salary sacrifice that reduces gross, or a YTD figure that excludes a component will all pull it down. Check the start date first, then whether the base salary you entered is your current one rather than the one you were on in July.
Next step
Numbers looking good? Let's turn them into a pre-approval.
A calculator can't read a payslip or a lender's policy. Sachin can — book a free call and we'll check these numbers against 70+ lenders, then tell you what's actually possible.
Free, no obligation. General information only — not credit advice.