Income Annualisation Calculator
Use this helpful calculator to annualise your income based on your current income figures.
Why would you need to use an income annualisation calculator?
When applying for a loan one of the most important questions is regarding your annual income. For some on fixed salaries this can be a simple question, but for a large percentage of Australia it’s not quite as straight forward. Overtime, bonus payments, holiday leave or time off without pay – all of these things can impact your end of year income. By using an income annualisation calculator you can get an understanding of what your annual income is estimated to be.
This is an estimated figure and doesn’t reflect how all lenders calculate income, so be sure to speak with a mortgage broker who can assess your income based on specific lenders policies on income annualisation.
Do you need assistance with calculating your income to help apply for a home loan? Speak with a broker today.
Disclaimer: The calculations do not take into account all fees and charges. The results provided by this calculator are an estimate only, and should not be relied on for the purpose of making a decision in relation to a loan. Interest rates and other costs can change over time, affecting the total cost of the loan. Borrowers should consider discussing their individual situation with a qualified Australian Credit Licensee or authorised Credit Representative.