What is year-to-date income?
Year-to-date income is the gross amount earned from the start of the relevant reporting period to the end of the latest pay period. On an Australian payslip, the YTD figure usually resets on 1 July.
The amount may combine ordinary salary with overtime, allowances, bonuses, commissions, leave payments and other earnings. This is why annualised YTD income can differ from the base salary in an employment contract.
How to use the YTD income calculator
- Enter the date you started with your current employer.
- Enter the end date of the latest payslip’s pay period.
- Choose whether you are employed in Australia.
- Enter the gross YTD income exactly as shown on the payslip.
The calculator updates automatically whenever a date, residency selection or income amount changes.
How is YTD income annualised?
The calculator counts elapsed days from the employment start date to the latest pay-period end date. The end date is not counted, so 1 January to 31 March 2026 is 89 days.
For casual estimates, the same weekly earnings are multiplied by 48 weeks, or the fortnightly earnings by 24 fortnights. For example, 89 days covers 13 rounded-up weeks or 7 rounded-up fortnights. Annualisation is a mathematical projection—not a guarantee that the same income will continue.
Why July to September needs extra care
Early in the financial year, a small number of pays can produce an unstable annualised result. Public-holiday shifts, unpaid leave, one bonus or unusually high overtime can materially change the projection.
If the YTD period is short, the result panel displays a warning. A lender may request the previous financial year’s ATO Income Statement or PAYG summary and recent payslips to establish a longer history.
How might a lender assess the income?
| Income component | Common evidence | Possible lender treatment |
|---|---|---|
| Base salary | Recent payslips and employment terms | Often considered if ongoing and verified. |
| Overtime | Payslips and 1–2 years of history | May be averaged or reduced. |
| Bonus/commission | History, employer confirmation and tax records | May require consistency and shading. |
| Allowances | Payslip breakdown and employment conditions | Depends on whether the allowance offsets an expense. |
| Casual income | Employment history and recent payslips | The 48-week estimate is illustrative; policy varies by lender and tenure. |
The weekly, fortnightly and casual figures are comparison estimates. They are not lender servicing calculations, and a lender may use a different method after reviewing the payslip and employment history.
Documents to prepare for a mortgage application
- Two recent consecutive payslips
- Latest ATO Income Statement or PAYG summary
- Employment contract or employer letter where requested
- Evidence explaining overtime, allowances, bonus or commission
- Bank statements showing salary credits if required
- Return-to-work information for parental or extended leave
What this calculator does not determine
- Whether a lender will accept or shade a particular income type
- Borrowing power, loan approval or suitable loan products
- Taxable income, take-home pay or superannuation
- Employment probation, visa or residency policy
- Income from multiple jobs, businesses, trusts or rental properties
Need a broker to assess your actual income documents?
Capital Connections can review how lenders may treat your salary, overtime, allowances, commission, casual income or employment history.
Book a mortgage consultationYTD calculator FAQs
Should I use the pay date or pay-period end date?
Use the end of the pay period. The payment date can be several days later and may distort the elapsed period.
What if I started the job after 1 July?
The calculator uses your employment start date when it is later than the beginning of the financial year.
Why is annualised income higher than my salary?
Your YTD amount may include overtime, allowances, commissions, bonuses or unusual payments. Review the payslip breakdown rather than assuming all additional income is ongoing.
Does this calculate borrowing power?
No. Borrowing power also depends on expenses, debts, dependants, loan term, assessment rates and lender policy.