Income Annualisation Calculator (YTD)
Work out your annual income from the gross pay you've received so far this financial year — calculated the same way mortgage lenders annualise a payslip. Enter your dates and year-to-date income to see both standard assessment scenarios.
Use 1 July if you were employed before this financial year, or your first pay date if you started during it.
The pay period end date on your latest payslip.
The 'year-to-date' gross figure shown on your most recent payslip.
345 days elapsed
49.29 weeks · 24.64 fortnights
Scenario 1 · employed before this FY
Annualised income
Weekly basis
$78,869.44
Fortnightly basis
$78,869.44
Casual equiv. (48 wks): $72,802.56 / $72,802.56
Scenario 2 · started during this FY
Annualised income
$80,012.48
Casual equiv. (48 wks): $73,857.67
Estimate only. Based on $75,836.00 earned over 345 days. Lenders may assess overtime, bonuses and casual income differently.
Want a broker to review these numbers? We'll prefill your enquiry so you can submit in seconds.
Book with these numbersWhat is income annualisation?
Income annualisation turns the year-to-date (YTD) gross figure on your payslip — everything you've earned before tax since the start of the financial year — into a projected 12-month income. It's the quickest way to check the annual income a lender will use when assessing how much you can borrow.
How the calculation works
We count the days between your start date and your latest pay period end date, convert that to weeks, work out your average weekly pay from your YTD income, then project it across a full year:
Annual income ≈ (YTD gross ÷ weeks elapsed) × 52 weeks
Which scenario applies to you?
Scenario 1 — employed before this financial year. Use the start of the financial year (1 July) as your start date. Your income is annualised over complete weeks, which is the more conservative figure most lenders use for established employees.
Scenario 2 — started during this financial year. Use your employment (or first pay) start date. Your income is annualised over the exact number of days you've been paid, which suits new starters.
The casual equivalent over 48 weeks rescales your income to 48 working weeks — a common, more conservative basis many lenders apply to casual earnings to allow for unpaid leave and gaps between shifts.
Turn your income into borrowing power
Once you know your annualised income, see what it means for your loan with our borrowing power calculator and read how much can I borrow in Melbourne and how to improve your borrowing power. If you're self-employed or have variable income, our self-employed mortgage broker page explains how lenders assess your earnings.
Want a broker to confirm exactly how a lender will read your income? Book a free 15-minute chat and we'll do the maths with you.
Key terms explained
The main terms used in this calculator and its results.
- Serviceability
- A lender's assessment of your ability to comfortably afford loan repayments, based on your income, expenses and debts.
Frequently asked questions
Like what the numbers show?
Book a free, no-obligation 15-minute chat with a XLOANS broker. We'll help you take the next step.