How do I calculate my annual salary from my hourly rate?

Multiply your hourly rate by the number of hours you work each week, then multiply by 52. For a standard 38-hour week, the formula is: hourly rate × 38 × 52. This gives your gross annual pay before tax and super. Super is paid on top of this amount.

What tax will I pay on the new minimum wage 2026?

Using the 2026–27 resident tax rates, a full‑year earner on the minimum wage of $52,254.88 pays no tax on the first $18,200, then 15% on the next $26,800, and 30% on the remaining $7,254.88. The total tax is about $6,196, plus a 2% Medicare levy. This is an estimate and does not include offsets or surcharges.

How the New Minimum Wage 2026 Affects Your Hourly to Annual Pay

Q: Does the new minimum wage 2026 apply to all employees?

No. The National Minimum Wage applies to employees not covered by an award or registered agreement. Most employees are covered by an award that sets higher minimum rates. Casual employees also get a 25% loading on top of the minimum wage, making the casual minimum $33.05 per hour from 1 July 2026.

For a 38-hour week, the new minimum wage 2026 of $26.44 per hour gives an annual gross of $52,254.88, a weekly gross of $1,004.90 and a fortnightly gross of $2,009.80.

Understanding the New Minimum Wage 2026

From 1 July 2026, the Fair Work Commission increased the National Minimum Wage to $26.44 per hour. For a full‑time employee working 38 hours a week, that means a weekly gross of $1,004.90 and an annual gross of $52,254.88 (using the standard formula: hourly rate × hours per week × 52). This article explains how to convert your hourly rate to annual, fortnightly and weekly pay, and what tax and super you can expect.

The 38‑Hour Week and the 52‑Week Year

All calculations on this site assume a 38‑hour week and a 52‑week year unless you enter a different number of hours. This is the standard full‑time week under the Fair Work Act. If you work fewer or more hours, adjust the formula accordingly. The fortnightly amount is simply your weekly gross multiplied by 2. For the new minimum wage, that’s $2,009.80 per fortnight.

National Minimum Wage vs Award Rates

The National Minimum Wage is the legal floor. However, most employees are covered by an award that sets higher minimum rates for their industry or occupation. Award rates vary by classification and experience. The figures on this page are for the National Minimum Wage only. If you are covered by an award, check your specific rate on the pay guides or reference tables.

Casual Loading and Superannuation

Casual employees receive a 25% loading on top of the base hourly rate. For the new minimum wage, that’s $33.05 per hour (including loading). This loading compensates for not receiving paid leave. Superannuation is paid on top of your ordinary earnings at 12% (from 1 July 2026). Super is calculated on your gross pay before tax and is not deducted from your take‑home pay. The maximum super contribution base for 2026–27 is $270,830 – super stops once your earnings exceed that amount.

Converting Hourly to Annual: The Formula

To estimate your annual gross pay:

Annual gross = hourly rate × hours per week × 52

For example, at the new minimum wage:

$26.44 × 38 × 52 = $52,254.88

If you work 40 hours a week, it would be $26.44 × 40 × 52 = $55,001.60. Use the timesheet to enter your own hours and rate.

Tax on Your Annual Pay

Tax is calculated using the 2026–27 resident tax rates from the Australian Taxation Office:

Nil 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 2% Medicare levy (based on 2025–26 single reduction thresholds, as the 2026–27 thresholds were not confirmed here). For the minimum wage earner ($52,254.88), the estimated tax is about $6,196 plus Medicare of $1,045, leaving a net annual pay of around $45,014. This is an estimate only – it does not include the tax‑free threshold, offsets, or the Medicare levy surcharge.

Fortnightly and Weekly Take‑Home Pay

Your fortnightly take‑home pay is roughly your fortnightly gross minus tax and Medicare. For the minimum wage, fortnightly gross is $2,009.80. After tax and Medicare (approx. $278 per fortnight), you’d take home about $1,732 per fortnight. Use the take-home pay tool for a more detailed estimate.

Average Earnings vs Your Pay

The Australian Bureau of Statistics reports Average Weekly Earnings for May 2026. Full‑time adult ordinary time earnings averaged $2,083.70 per week ($108,352 annually). All employees (including part‑time) averaged $1,579.20 per week. These are averages, not medians for any specific job. Your pay may differ significantly depending on your industry, experience and hours.

Superannuation Paid on Top

Super is 12% of your ordinary earnings, paid by your employer on top of your salary. It does not reduce your take‑home pay. For the minimum wage earner, that’s an extra $6,270.59 per year (12% of $52,254.88), up to the $270,830 cap. Super is not included in the annual gross figure shown on this site – it’s additional. Learn more about super and packaging.

Important Disclaimer

The annual pay shown here is an estimate based on a consistent hourly rate, 38‑hour week and 52‑week year. It assumes no unpaid overtime, penalty rates, allowances or salary sacrifice. Super is estimated at 12% of ordinary earnings only, paid on top, and stops at the maximum contribution base. Tax uses the 2026–27 resident scale with the full tax‑free threshold. Medicare uses 2025–26 single reduction thresholds because the 2026–27 thresholds were not confirmed. HELP, the Medicare levy surcharge and salary packaging are not deducted. This is an estimate, not a determination of your pay or tax.

Using the Timesheet Calculator

To convert your own hourly rate to annual, fortnightly and weekly figures, visit the timesheet. Enter your base hourly rate – do not include casual loading. If you are a casual, check the box to add 25% loading on top. The calculator will show your gross and estimated net pay for different periods.