YTD income calculator

Looking for the references? View sources and lender policy links.

Use your payslip's year-to-date gross income to estimate an annual income. This calculator spreads your earnings over the days from 1 July to the pay-period end date. It is most useful when that period represents your usual work pattern.

If you started a job after 1 July, took unpaid leave or received a large bonus, read the examples below before relying on the result. The calculator cannot decide how much income a lender will accept.

Calculate your annual income from a payslip

Find YTD gross income on your latest payslip, then enter the pay-period end date from the same payslip. Use the period ending date, rather than the date the payment arrived in your bank account. Select Continue to see the estimate.

Check payslips around 1 July carefully. A period ending 30 June but paid in July can have a new financial year's YTD total. If the YTD has reset but the period ending date falls in the previous financial year, ask payroll or your broker to reconcile them before using this calculator. Do not force a date to make the figures fit.

Started after 1 July? There is no job-start-date field in this calculator. It still counts from 1 July, so the result can understate your current annual pay rate. Keep the actual payslip dates and use the separate new-job example below. Do not change the date to force a preferred result.

Which payslip figures should I use?

YTD means the amount recorded so far, not a full-year salary. In Australia, the financial year runs from 1 July to 30 June. If you joined an employer partway through it, that employer's YTD usually covers only what they have paid you in that financial year.

The payslip does not always tell the whole story. An income statement can show earnings across the year, while your employment contract can help explain a pay rise or a new role. Fair Work's payslip guide explains the pay, deduction and super details employers must provide.

How is YTD income calculated?

The calculator uses this formula: YTD gross income ÷ calendar days from 1 July to the period ending date × 365. It counts both 1 July and the end date. These are calendar days, including weekends, not the number of shifts you worked.

It uses a 365-day convention and caps the elapsed count at 365 at the end of a leap financial year. The result is an estimate of a full year's pay if the average continues. It is not a prediction of the exact amount you will earn by 30 June.

Worked example: $45,000 earned by 31 December

Suppose your payslip shows $45,000 YTD gross for the period ending 31 December 2026. There are 184 calendar days from 1 July to 31 December, inclusive.

Amounts are rounded to whole dollars after calculation. Simply doubling $45,000 gives $90,000; this tool gives a slightly different answer because it uses days rather than treating July to December as exactly half of 365 days.

A monthly or fortnightly average helps you compare earnings. It does not change your pay cycle, guarantee that every month will match the average or include employer super.

What if I started a new job during the year?

A new job can make the calculator's output much lower than your actual annual pay rate. Your payslip may contain only a few months of wages, but the calculator divides that amount by all the days since 1 July.

For example, suppose you started on 1 October 2026 and earned $30,000 by 31 December 2026. This calculator counts 184 days from 1 July and shows $59,511 projected annual gross. A separate calculation over the 92 calendar days you actually held the job gives $119,022: $30,000 ÷ 92 × 365.

Neither figure alone proves what a lender will use. The second is a current pay-rate estimate and assumes those 92 days are representative. If your contract says $120,000 a year, give the broker the contract and payslip together so the small timing difference and the employment start date can be explained.

Keep your previous employer's payslips or income statement separate. Adding old and new earnings may help reconcile total income, but can hide a changed salary, a gap between jobs or an ended role. See home loans when you have just started a new job.

Do I need to finish probation before applying?

Being on probation does not automatically rule out a home loan. Some lenders can consider permanent base pay during probation, while others need more employment history or documents. Casual income can have separate requirements even when permanent employment is acceptable.

Send your employment contract, available payslips and the dates of your previous role. We can check whether your current income can be used now, whether continuity in the same industry helps, or whether more payslips are needed. A short YTD record and probation are different questions; passing probation does not make an irregular income estimate reliable by itself.

Watch: home loans during probation

Existing Hunter Galloway explanation. Recorded lender examples can change; have the current rules checked for your income and employment before applying.

Why July to September needs extra care

Early in the financial year, one payment can dominate the estimate. Entering $1,000 at 1 July produces $365,000 because the tool has only 1 day to divide by. That is mathematically consistent with its formula, but rarely a sensible annual salary estimate.

Check what period the first payment covers and whether YTD has reset. A broker may need your employment contract and last financial year's income statement to understand your usual earnings. Do not assume a very high first result increases your borrowing power.

How should I handle irregular income?

Use the calculator to start the discussion, then separate regular pay from earnings that may not repeat. The lender needs to understand what is likely to continue and what evidence supports it.

Why a casual income estimate can be lower at the bank

A lender may count all your eligible casual income but allow for fewer paid weeks in a year. That is different from taking a percentage off the income. Unpaid leave, seasonal work and the lender's calculation method can all change the annual figure.

Suppose the lender has verified average eligible gross earnings of $1,000 for each working week. These separate examples show what the annualisation period changes:

The 48-week figure is $4,000 lower than the 52-week figure, even if both lenders accept 100% of the eligible income. The question is both how many weeks they use and which earnings they include.

These are comparisons of calculation methods, not a choice in this calculator or a rule for every casual worker. The calculator at the top of this page still uses calendar days and 365. Do not automatically multiply its result by 48/52: a lender may first separate income components, compare earlier earnings or allow for unpaid periods already reflected in the records.

We can check the method that fits your work pattern. The Firstmac lending policy gives a published 48-week example, while Macquarie's broker guidance describes a 52-week approach subject to income history. A casual teacher or seasonal worker needs their own check; do not assume school holidays are paid or apply a single weeks figure to every role.

Worked example: a one-off bonus

If $45,000 YTD at 31 December includes a $10,000 one-off bonus, the calculator annualises all $45,000 to $89,266. Removing that bonus for a separate comparison gives $35,000 ÷ 184 × 365 = $69,429.

The difference is $19,837, because the tool repeats the bonus at the average pace implied by the partial year. This shows why a broker needs the breakdown. It does not mean a lender will exclude every bonus or accept the calculator's full result.

There is no single percentage or employment-history rule that covers all lenders. See the guides to casual employment, parental leave and self-employed home loans for the issues to check for your situation.

Watch: casual employment and home loans

Existing Hunter Galloway explanation. Recorded lender examples can change; have the current rules checked for your income and employment before applying.

Can I use the result for borrowing power or take-home pay?

The gross estimate helps explain your income. It does not include the rest of a loan assessment: living expenses, debts, credit limits, dependants, the deposit or the property. A lender may compare current wages with prior income and ask why they differ. It does not always have to use the lower figure, and a higher estimate is not automatic approval.

For a home loan check, have your latest payslips, current employment details and any supporting income history ready. Explain job changes, pay rises, leave and unusual payments upfront. Your broker can then check the chosen lender's current rules instead of relying on a generic acceptance percentage.

Will the lender use the lower of YTD and last year's income?

A comparison with last year's income can apply when the current YTD record is too short for the lender's requirements. It is not a rule that every lender applies to every payslip.

For example, a published casual-income approach allows annualisation once the payslip covers at least 6 months of YTD. With less history, it compares annualised current earnings with the previous financial year's income and uses the lower figure. Different rules can apply to permanent base salary and additional income such as overtime.

If the required comparison gives $80,000 from the prior year and $90,000 from current earnings, budget on $80,000 unless the lender confirms another rule applies. Explaining a pay rise or earlier leave helps the broker identify the correct rule; it does not give them permission to override it.

Waiting for more YTD history may change the evidence available. It will not automatically increase the income a lender accepts. Ask us to check the rule before delaying an application or relying on the higher estimate.

How accurate is the net-income estimate?

The calculator estimates resident income tax using the financial year of your entered date, then adds a flat 2% Medicare levy. For example, it uses the 15% rate for taxable income from $18,201 to $45,000 in 2026-27. The higher brackets apply above that range.

The net figure is a simplified estimate, not your expected payslip or tax refund. It does not calculate tax offsets, Medicare levy reductions or exemptions, the Medicare levy surcharge, HELP repayments, deductions, salary sacrifice or other income. It can overstate tax at low incomes and understate deductions for someone with HELP debt.

Check MoneySmart's income-tax explanation and the ATO tax withheld calculator for tax and withholding guidance. Use your actual net pay and expenses when building your household budget.

YTD income calculator FAQs

Check which income a lender can use

Send us your latest payslips and explain any job change, leave or irregular payments. We can check how your income fits the lender's rules and what else you need before applying.

Check my income options or call 1300 088 065.

We will explain your options and the evidence needed before you apply.

More help with your application

• Starting a new job
• Casual employment home loans
• Bank statements for a mortgage
• Home loan features
• How offset accounts work
• Costs of buying a home
• Extra repayments calculator