How do I convert my hourly rate to annual salary?

Multiply your hourly rate by the number of hours you work each week (usually 38 for full-time) and then by 52 weeks. For example, $26.44 per hour × 38 hours × 52 weeks = $52,269.44 per year. This assumes the same rate every week with no unpaid overtime or penalty rates.

What is the casual loading rate?

Casual loading is an additional 25% on top of the base hourly rate to compensate for casual entitlements like no paid leave. From 1 July 2026, the casual National Minimum Wage is $33.05 per hour ($26.44 × 1.25). Always enter your base rate first, then use the casual loading checkbox in the timesheet.

Does super come out of my pay?

No. The super guarantee is paid on top of your ordinary earnings at 12% (from 1 July 2026) up to the maximum contribution base of $270,830. For a full-time worker on the National Minimum Wage, that adds about $6,272 per year to your super account, separate from your take-home pay.

Josh Daicos Salary: How to Compare Any Hourly Rate to Annual Pay Under Australian Awards

Using the National Minimum Wage of $26.44 per hour for a 38-hour week, the annual gross pay is approximately $52,269 before tax and super.

Understanding Your Hourly to Annual Conversion

If you know your hourly rate, converting it to an annual figure is straightforward: multiply by the hours you work each week, then by 52 weeks. Most full-time roles in Australia are based on a 38-hour week, as set by the Fair Work Commission. For example, the National Minimum Wage from 1 July 2026 is $26.44 per hour. Using the formula:

$26.44 × 38 hours × 52 weeks = $52,269.44 per year

That’s your gross annual pay before tax and before super. The same calculation works for any hourly rate. If you’re paid fortnightly, your gross fortnight is roughly weekly pay × 2 — for the National Minimum Wage that’s $1,004.90 × 2 = $2,009.80.

National Minimum Wage vs Award Rates

The National Minimum Wage applies to employees not covered by an award or agreement. From 1 July 2026 it’s $26.44 per hour or $1,004.90 per week for a 38-hour week. However, most workers are covered by a modern award, which sets higher minimum rates. The Fair Work Ombudsman’s pay guides show that award minimum wages increased by 4.75% from the same date. For example, a retail employee may earn more than the National Minimum Wage depending on their classification.

Casual employees receive a 25% loading on top of the base rate. For the National Minimum Wage, that means $33.05 per hour ($26.44 × 1.25). Always enter your base hourly rate in the timesheet, then tick the casual loading checkbox — never enter a rate that already includes loading.

The Josh Daicos Salary Context

You might be curious about Josh Daicos’s salary as a high-profile AFL player, but his pay is set by a private contract, not by an award or the National Minimum Wage. For the vast majority of Australian workers, award rates or the National Minimum Wage are the relevant benchmarks. Whether you’re comparing your own rate or just wondering, the same hourly-to-annual formula applies — though elite athletes often have additional bonuses and allowances that aren’t covered here.

Tax and Super Considerations

Once you have your annual gross pay, the Australian Taxation Office’s 2026–27 resident tax rates apply:

Nil tax on the first $18,200
15% on income from $18,201 to $45,000
30% on income from $45,001 to $135,000
37% on income from $135,001 to $190,000
45% on income above $190,000

Plus a Medicare levy of 2% (based on 2025–26 single reduction thresholds). For a worker on the National Minimum Wage ($52,269), the estimated tax is about $6,700 plus Medicare of $1,045, leaving around $44,524 take-home pay per year.

Superannuation guarantee is paid on top of your ordinary earnings at 12% (from 1 July 2026), up to the maximum contribution base of $270,830. For the National Minimum Wage example, that’s an extra $6,272 per year into your super fund — not deducted from your pay.

Using the Timesheet Tool

The timesheet on this site lets you enter your base hourly rate and instantly see annual, fortnightly, and weekly figures. A checkbox adds 25% casual loading on top. The results include estimated tax and super, based on the rates above. For award-specific rates, check the Fair Work Ombudsman’s pay guides or the Fair Work Commission’s Modern Awards Pay Database.

Fortnightly and Weekly Breakdown

Knowing your fortnightly pay helps with budgeting. For the National Minimum Wage:

Weekly: $1,004.90
Fortnightly: $2,009.80
Annual: $52,269.44

If you’re on a higher award rate, simply plug your hourly rate into the formula.

Important Disclaimer

Annual pay here is hourly rate × hours per week × 52. It assumes the same rate every week, no unpaid overtime, no penalty rates, no allowances, and no salary sacrifice. Super is estimated at 12% of ordinary earnings only, paid on top, and stops at the $270,830 maximum contribution base. Tax is the 2026–27 resident scale with the full tax-free threshold. Medicare uses the 2025–26 single reduction thresholds because the 2026–27 reduction thresholds were not confirmed here. HELP, the Medicare levy surcharge, and salary packaging are not deducted. This is an estimate, not a determination of your pay or tax.