input starting income annual pay rise inflation rate base interest rate superannuation rate
40000 10% 3% 5% 9%
rate of expenditures savings in year 1 price of a home in year 1
40% 0 400000
output year you buy home mortgage size mortgage rate year you pay off mortgage age you own your home
1 Err:508 6.00% 1 25
age year 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 retire at 60
income 1 $40,000.00 2 $44,000.00 3 $48,400.00 4 $53,240.00 5 $58,564.00 6 $64,420.40 7 $70,862.44 8 $77,948.68 9 $85,743.55 10 $94,317.91 11 $103,749.70 12 $114,124.67 13 $125,537.14 14 $138,090.85 15 $151,899.93 16 $167,089.93 17 $183,798.92 18 $202,178.81 19 $222,396.69 20 $244,636.36 21 $269,100.00 22 $296,010.00 23 $325,611.00 24 $358,172.10 25 $393,989.31 26 $433,388.24 27 $476,727.06 28 $524,399.77 29 $576,839.74 30 $634,523.72 31 $697,976.09 32 $767,773.70 33 $844,551.07 34 $929,006.18 35 $1,021,906.79
tax Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508 Err:508
super after tax income after expenditures cumulative savings price of a home 3600 Err:508 Err:508 Err:508 400000 3960 Err:508 Err:508 Err:508 424000 4356 Err:508 Err:508 Err:508 449440 4791.6 Err:508 Err:508 Err:508 476406.4 5270.76 Err:508 Err:508 Err:508 504990.78 5797.84 Err:508 Err:508 Err:508 535290.23 6377.62 Err:508 Err:508 Err:508 567407.64 7015.38 Err:508 Err:508 Err:508 601452.1 7716.92 Err:508 Err:508 Err:508 637539.23 8488.61 Err:508 Err:508 Err:508 675791.58 9337.47 Err:508 Err:508 Err:508 716339.08 10271.22 Err:508 Err:508 Err:508 759319.42 11298.34 Err:508 Err:508 Err:508 804878.59 12428.18 Err:508 Err:508 Err:508 853171.3 13670.99 Err:508 Err:508 Err:508 904361.58 15038.09 Err:508 Err:508 Err:508 958623.28 16541.9 Err:508 Err:508 Err:508 1016140.67 18196.09 Err:508 Err:508 Err:508 1077109.11 20015.7 Err:508 Err:508 Err:508 1141735.66 22017.27 Err:508 Err:508 Err:508 1210239.8 24219 Err:508 Err:508 Err:508 1282854.19 26640.9 Err:508 Err:508 Err:508 1359825.44 29304.99 Err:508 Err:508 Err:508 1441414.97 32235.49 Err:508 Err:508 Err:508 1527899.86 35459.04 Err:508 Err:508 Err:508 1619573.86 39004.94 Err:508 Err:508 Err:508 1716748.29 42905.44 Err:508 Err:508 Err:508 1819753.19 47195.98 Err:508 Err:508 Err:508 1928938.38 51915.58 Err:508 Err:508 Err:508 2044674.68 57107.13 Err:508 Err:508 Err:508 2167355.16 62817.85 Err:508 Err:508 Err:508 2297396.47 69099.63 Err:508 Err:508 Err:508 2435240.26 76009.6 Err:508 Err:508 Err:508 2581354.67 83610.56 Err:508 Err:508 Err:508 2736235.95 91971.61 Err:508 Err:508 Err:508 2900410.11
deposit needed can afford deposit? mortgage outstanding paid off mortgage? 40000 Err:508 Err:508 Err:508 42400 Err:508 Err:508 Err:508 44944 Err:508 Err:508 Err:508 47640.64 Err:508 Err:508 Err:508 50499.08 Err:508 Err:508 Err:508 53529.02 Err:508 Err:508 Err:508 56740.76 Err:508 Err:508 Err:508 60145.21 Err:508 Err:508 Err:508 63753.92 Err:508 Err:508 Err:508 67579.16 Err:508 Err:508 Err:508 71633.91 Err:508 Err:508 Err:508 75931.94 Err:508 Err:508 Err:508 80487.86 Err:508 Err:508 Err:508 85317.13 Err:508 Err:508 Err:508 90436.16 Err:508 Err:508 Err:508 95862.33 Err:508 Err:508 Err:508 101614.07 Err:508 Err:508 Err:508 107710.91 Err:508 Err:508 Err:508 114173.57 Err:508 Err:508 Err:508 121023.98 Err:508 Err:508 Err:508 128285.42 Err:508 Err:508 Err:508 135982.54 Err:508 Err:508 Err:508 144141.5 Err:508 Err:508 Err:508 152789.99 Err:508 Err:508 Err:508 161957.39 Err:508 Err:508 Err:508 171674.83 Err:508 Err:508 Err:508 181975.32 Err:508 Err:508 Err:508 192893.84 Err:508 Err:508 Err:508 204467.47 Err:508 Err:508 Err:508 216735.52 Err:508 Err:508 Err:508 229739.65 Err:508 Err:508 Err:508 243524.03 Err:508 Err:508 Err:508 258135.47 Err:508 Err:508 Err:508 273623.6 Err:508 Err:508 Err:508 290041.01 Err:508 Err:508 Err:508
Taxable income
Tax on this income
$0 – $6,000
Nil
$6,001 – $25,000
15c for each $1 over $6,000
$25,001 - $75,000
$2,850 plus 30c for each $1 over $25,000
$75,001 – $150,000
$17,850 plus 40c for each $1 over $75,000
Over $150,000
$47,850 plus 45c for each $1 over $150,000