Annualised Income Calculator
You can calculate your Australian annualised income using our free online calculator below. You’ll need this information when applying for a loan with a mortgage broker or a personal finance company. An annualised income calculator is a tool to help you figure out how much money you’ll make in a financial year based on a shorter period, like a week, month, or within a quarter. You use our YTD calculator by entering your earnings for the shorter period, and it calculates an estimate of your Australian annual salary or income. It’s best used to plan your finances, work out your annual income when comparing job offers, or understand your income over different time-frames.
Talk to a Broker
Contact UsOther Calculators
Partner With Loanright For Home loans, Personal & Business Finance
Our Finance brokers offer 1st class, expert service in assisting you with Australian home loans, personal loans and business loans. After you’ve worked out your annual income based on using the calculation tool above, you’ll know exactly what you can afford and what finance products are available to you. Our brokers will also cross reference your calculations of annualised salaries to help you stay in the green and that loan repayments remain affordable.
100+ lenders to compare & access Australia’s best rates
Common Errors When Using An Income Annualisation Calculator
Common errors using our free annualised income YTD calculator are:
Not Accounting for Variability: If your income varies greatly throughout the year, simply multiplying by a fixed factor may not give an accurate picture. It’s best to look back at your previous year’s income to get the best understanding of how the future might look.
Ignoring deductions or expenses: For a true picture of your annual income, deductions, taxes, and other expenses should be considered. Check your bank statements thoroughly because accuracy is key.
Forgetting work bonuses or additional income: There are many types of income that are easily overlooked by Australians. If you receive irregular income like bonuses, interest on term deposits, rental income, or investments, ensure they are included in the calculation for a more accurate result. If you have any other investments at all, be sure to include this information as well.
Your details are secure
Get In Touch With A Broker Near You
If you’d like more information about how to use finance to grow your business or personal property portfolio, then reach out, and our commercial finance team will happily assist. Whether you’re in the market for vehicle finance, or specialist equipment, we have over 100 of Australia’s leading lending partners to compare financial solutions from. You’ll be tapping into Australia’s largest network of banks and lenders.
FAQs For Using Our Income Annualisation Calculator
If you’re unsure how to use our Income Annualisation Calculator, no worries, feel free to reach out and contact us via email, or browse our frequently asked questions below.
Should I rely solely on this estimate from your income annulisation calculator?
No, it’s best to use the estimate as a guide and consider other factors like taxes, deductions, and any irregular income you may receive. If you’re unsure, please call us and we’re happy to assist.
How does an annualised income calculator work?
You input your earnings for the shorter period, and the calculator multiplies this amount to estimate your annual income. For example, if you earn $1,000 per week, the calculator would estimate your Australian annual income as $52,000.
Why is an income calculator useful?
It helps you understand your earnings over a longer period, making it easier to budget, compare job offers, or plan for financial goals.