Free tool
Income Annualisation Calculator
Turn the year-to-date income on your latest payslip into the annual income a lender will use — by days, by the pays you have received, and over 48 weeks for casual work.
Your payslip
Estimated from the dates — correct it from your payslips.
If it applies
Annualised income
$79,998
By days: 92 days from 1 Jul 2026
By pays received
$80,656
13 weekly pays, times 52
Casual, over 48 weeks
$73,642
The weekly average, times 48 weeks
Weekly average
$1,534.22
Year-to-date over the weeks it covers
How the annual figure is built
| Year-to-date gross income | $20,164.00 | |
| ÷ | Days covered, 1 Jul 2026 to 30 Sep 2026, counting both | 92 |
| × | Days in a year | 365 |
| = | Annualised income | $79,998.48 |
The financial year so far
- Covered by the payslip92 days
- Still to come273 days
Early in the year, a single pay with overtime, a bonus or unpaid leave moves the annual figure a long way — which is why lenders look at last year’s income as well.
General information only — an estimate, not a lender’s assessment. Lenders’ income policies differ: some count only part of overtime, bonuses or allowances, average two years of income, or want a set time in the job or on casual work before they use it. The annualised figure is gross income, before tax. Our Credit Guide sets out who we are and how we are licensed.
Why lenders annualise your income
When you apply for a loan part-way through the financial year, the lender verifies your income from your latest payslip. The year-to-date gross on it covers only the months so far, so the lender turns it into a full year before it works out what you can borrow.
Three ways to annualise
Take a year-to-date gross of $20,164 on a payslip for the period ending 30 September.
- By days: $20,164 over the 92 days from 1 July to 30 September, times 365 — $79,998. Count both the first and the last day: subtracting the dates gives 91, which overstates the income by about 1%.
- By pays received: $20,164 over 13 weekly pays, times 52 — $80,656. Over 7 fortnightly pays, times 26, it is $74,895. Use the number of pays on your payslips, not an estimate.
- Casual, over 48 weeks: a weekly average of $1,534.22, times 48 — $73,642. Many lenders assess casual income this way, allowing for weeks without paid work.
If you started after 1 July
Count from your first day in the job. $9,000 earned since 18 August is $74,659 a year over 44 days — counted from 1 July, the same pay would look like $35,707. Tick Started this job after 1 July in the calculator and enter your start date.
Overtime, bonuses and last year's income
Lenders treat parts of your pay differently. Base salary is counted in full; overtime, allowances and bonuses are often counted only in part, or averaged over two years to show they are regular. And because a single pay can move a year-to-date figure a long way early in the year, many lenders compare it with last financial year’s income and use the lower. Enter last year’s income to see both.
From income to a loan
Once you know the income a lender will use, the borrowing power calculator estimates what it could lend, and the funding worksheet sets that against the price, duty and costs.
Frequently asked questions
How do you annualise income from a payslip?
Divide the year-to-date gross income by the days it covers and multiply by 365. $20,164 for 1 July to 30 September — 92 days, counting both — annualises to $79,998. Dividing by the number of pays instead gives $80,656 for 13 weekly pays, or $74,895 for 7 fortnightly ones.
Do lenders use gross or net income?
Gross — the income before tax, as on your payslip's year-to-date line. The lender then works out the tax itself when it assesses what you can afford to repay.
What if I started my job after 1 July?
Count from the day you started, not from 1 July, or the annual figure is far too low. $9,000 earned since starting on 18 August is $74,659 a year over 44 days; counted from 1 July it would look like $35,707.
How do lenders treat casual income?
Many work out a weekly average and multiply it by 48 weeks rather than 52, allowing for weeks without paid work. On the example payslip that is $73,642 against $79,998 by days. Lenders also often want a period in the job before they count casual income.
Why is my annualised income different from my salary?
Overtime, a bonus, back pay or unpaid leave in the pays so far all move the year-to-date figure, and early in the year one pay makes a big difference. That is why many lenders also look at last year's income and use the lower of the two.
Want us to run these numbers properly?
A calculator works with the handful of figures it asks for. A strategy session works with your income, your debts, your tax position and what you are actually trying to build. The first one is free.
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