Family Assistance Office

If your income is regular (eg you regularly get a set wage/salary)

Multiply your fortnightly gross (before tax) income amount by 26 (weeks);
Remember to add any other income you will get during the income year;
Include any pay rises or lump sum payments (eg bonuses or termination payments) you may get during the income year; then
Take away the amount of any tax deductions you think you will be allowed (eg for work-related expenses or donations); but don't take away the amount of any tax withheld taken out during the income year.

Please note: You need to work out exactly how many pays you will receive in the income year. Years are not exactly 26 fortnights or 52 weeks, so occasionally an income year will have 27 fortnightly or 53 weekly pays. If that is the case this year, you may need to adjust your income estimate to include an extra fortnight's or week's pay in your family income estimate to avoid an overpayment. To update your income estimate you can use our online services.

Adjusted taxable income is:

Taxable income plus
Fringe benefits plus
Tax free government pensions and benefits plus
Net rental property loss plus
Foreign income minus
Child Support (maintenance) you pay
Related information
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URL: http://www.familyassist.gov.au/content/getting_started-right_amount-how_estimate_income-regular_income.htm
This page last modified on 12/06/2006.
This page accessed on 08/01/2009.
© Commonwealth of Australia 2006

If your income is regular (eg you regularly get a set wage/salary)

Related information