Income Annualisation Calculator

Income Annualisation Calculator

Whilst nobody can predict the future, when it comes to borrowing, it’s important to have a reasonable idea of how much you are likely to earn each year. Particularly if you’re self-employed or have fluctuating earnings, it can be difficult to work out an average monthly or annual income. Our income annualisation calculator provides the information you need to fill in your loan application form correctly if you cannot predict your annual salary from other sources.

To use the calculator, input information on your income to date; the software will then calculate what your annual income is, based on the information you have. Knowing your annual income is vital when it comes to working out the size of the loan that you will be able to repay. Used alongside the information obtained from some of our other calculators (for example the budget calculator or the home loan calculator), it’s possible to put together a comprehensive picture of your financial circumstances – obviously vital for responsible, affordable borrowing.

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