Your borrowing capacity is calculated based on your net income (what you earn after tax). Our income tax calculator will help you calculate your yearly and monthly net income.  Simply enter your gross income and the calculator will do the rest. You can then use those figures to work out your borrowing calculator. This is particularly helpful when you are starting a new job, have recently received a pay rise or foresee a change of income in the near future.

Disclaimer: The information provided by this calculator is indicative only and does not constitute professional advice.  The calculator provides you with an estimate of how much tax you may be required to pay based on the information you have entered.  This is a handy first step before speaking with your mortgage broker.  The calculations should not be relied upon for the purposes of entering into any financial commitment and do not constitute tax advice.