How Salary Continuance Insurance Affects Your Hourly to Annual Pay Calculation

How to Convert Your Hourly Rate to Annual Pay

If you have an hourly rate or a salary offer, the standard way to compare them is to calculate annual gross pay. The formula is simple: hourly rate × hours per week × 52. This assumes you work the same number of hours every week, with no unpaid overtime, penalty rates, or allowances. For most full-time employees, the standard week is 38 hours, so we use that unless stated otherwise.

For example, if your base hourly rate is $30.00, your annual gross pay would be $30.00 × 38 × 52 = $59,280. Your fortnightly pay (before tax and super) would be $30.00 × 38 × 2 = $2,280.

National Minimum Wage vs Award Rates

The National Minimum Wage from 1 July 2026 is $26.44 per hour, or $1,004.90 per week for 38 hours. If you are a casual employee, you are entitled to a 25% casual loading, making the minimum $33.05 per hour. However, many employees are covered by an award or enterprise agreement that sets higher minimum rates. The Fair Work Ombudsman provides pay guides for each award. Always check your award to ensure you are paid correctly.

Our on-site reference for the National Minimum Wage is $26.44 per hour. For industry averages, such as the Financial and Insurance Services full-time ordinary time weekly earnings of $2,341.30 (May 2026), note that this is an industry average, not a job median. It does not represent the pay for a specific role. See our average pay page for more context.

Using the Hourly to Annual Calculator

Our timesheet (the home page) lets you enter your base hourly rate. There is a checkbox to add 25% casual loading on top. Never enter a rate that already includes casual loading – the calculator adds it for you. The tool then shows your annual gross, fortnightly pay, estimated tax, and super.

Tax and Super Considerations

We estimate tax using the 2026–27 resident tax rates: nil up to $18,200; 15% from $18,201 to $45,000; 30% from $45,001 to $135,000; 37% from $135,001 to $190,000; and 45% above $190,000. The Medicare levy is generally 2%. We use the 2025–26 single reduction thresholds because the 2026–27 thresholds were not confirmed at the time of calculation.

Superannuation guarantee is 12% of ordinary earnings, paid on top of your gross pay, up to the maximum contribution base of $270,830 per year. For example, on a $60,000 annual salary, super would be $7,200 per year (paid by your employer).

Salary Continuance Insurance

When planning your annual pay, you might also consider optional deductions like salary continuance insurance. This insurance provides income protection if you cannot work due to illness or injury. Some employers offer it as part of a salary packaging arrangement, where premiums are paid from pre-tax salary. However, our calculator does not include salary continuance insurance or any other salary sacrifice deductions. For a full picture, consult your employer or a financial adviser.

Fortnightly Pay

If you are paid fortnightly, your gross pay is simply your weekly pay multiplied by two. For a 38-hour week at $30.00 per hour, fortnightly gross is $30.00 × 38 × 2 = $2,280. After tax and Medicare, your take-home pay will be lower. Use our take-home pay page for more details.

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.

For more information, see our minimum wage page or the super and packaging guide.