YTD Income Calculator
YTD Income Calculator: Annualise Your Payslip
Many lenders check your income by annualising the year-to-date figure on your latest payslip. Enter it with the payslip’s period end date to see the yearly figure.
Annualise your income
Use the gross (before tax) year-to-date figure on your latest payslip. The Australian financial year starts on 1 July.
Enter your YTD gross income and the payslip’s period end date.
Results are estimates only, based on the figures you enter. Lenders use their own methods and rules to assess income, and may count only part of some income types. This isn’t a quote, an approval or a loan offer, and it doesn’t consider your objectives, financial situation or needs.
How it works
YTD ÷ days so far × 365.
If your payslip ending 31 December shows $48,000 year-to-date, that’s 184 days into the financial year, so your annualised income is about $95,200.
Why the number matters
Lenders compare the annualised figure with your stated income. If it’s higher because of overtime or bonuses, some lenders will count more of it than others. That can change your borrowing power.
Self-employed?
Lenders usually look at tax returns and notices of assessment instead of payslips. Some specialist lenders accept other evidence. Specialist home loans →
Questions
Common questions, straight answers.
Why do lenders annualise YTD income?
It shows what you’re actually earning this financial year, including overtime and allowances, and helps confirm the income in your application. Each lender has its own method and rules on which income counts.
Does overtime count towards borrowing power?
Often in part. Some lenders count all regular overtime, others count a percentage, and some need a longer history. That difference can change how much you can borrow.
What if I’ve just started a new job?
Your YTD figure will be lower because it only covers part of the year with your employer. Lenders usually look at your contract or base salary instead. Tell us your start date and we’ll explain the options.
Want to know how lenders will see your income?
No obligation. No pressure. Just honest answers.
We don’t charge you for our service. Lenders pay us a commission if you go ahead with a loan.