YTD Income Calculator
Calculations are based on the Australian Financial Year (July 1st to June 30th).
$
$1k
$500k
Annualised Gross Income
$115,483
Estimated earnings for a full 12 months
Days into Financial Year
110 Days
Monthly Gross Income
$9,623
Why lenders use this: Lenders annualise your Year-To-Date (YTD) income to determine your true earning run-rate. If your annualised figure is higher than your base salary, it may indicate overtime, allowances, or bonuses that lenders could use to increase your borrowing capacity!
Disclaimer: This calculator provides an estimate only. Lenders have strict and varying policies regarding how they shade (discount) overtime, allowances, and bonuses. Please consult a licensed mortgage broker for an exact borrowing assessment.