Enter before tax income details for
RESET
Retainer
$
Commission
$
Commission - Other
$
Bonuses
$
BOS/Rental/Other
$
Partner's income
$
Partner's other income
$
Total income
$
p.a.
BACK
1234567
NEXT
Assumptions and disclaimer
Close
Print

Assumptions

  1. The PAYG tax (plus medicare levy) has been calculated on the income fields entered only and assuming that you have no deductions. Tax has not been calculated on any other income.
  2. Tax on partner's income has been calculated separately.
  3. PAYG tax is calculated using the personal marginal income tax rates plus Medicare levy effective from 1 July 2023 with a tax free threshold claimed and no leave loading. The PAYG tax calculation takes into account the Low Income Tax Offset (LITO) effective 1 July 2023.
  4. The 1% Medicare levy surcharge has not been included in this calculator. As a result, if you do not have an appropriate level of private patient hospital cover, your tax liability could be 1% higher than the amount determined by the calculator.
  5. The calculator assumes that you are not entitled to a Medicare Levy exemption. If you are entitled to an exemption, this would mean that your tax liability is less than the amount determined by the calculator.
  6. You are 18 years of age or older.

Disclaimer

  1. The 'Cashflow' calculator is general information only.
  2. The results presented in the calculators are a guide only and do not constitute a quote or guarantee that you will have a surplus or a deficit. Any person intending to act or rely on the results of the calculator should seek independent advice before acting on it. We would recommend that you consult with your financial planner before making any decision.
  3. The assumptions utilised by this calculator we believe are reasonable. However to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon the results obtained using this calculator.
  4. Advice provided under this calculator has not taken into account your personal objectives, financial situation or needs. Accordingly you should consider those objectives, financial situation and needs before acting on the advice.
CLIENT DETAILS
ADVISER DETAILS
SEND REPORT