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How the FIFO calculator works
The example below uses the default roster and tax settings most users will see first: 8/6 swing, $40.00/hour, super turned on, resident tax rates, and no HECS-HELP debt.
Pay type
Hourly
Hourly rate
$40.00 per hour
Roster
8/6 swing
Work day assumption
12 paid hours per day
Super setting
On at 12% for 8 hours/day
Tax settings
Resident tax, Medicare levy on, no HECS
Gross per swing
$3,840.00
Estimated net per swing
$2,880.60
Gross per year
$100,182.86
Net per month
$6,262.73
Employer super
$8,014.63 / year
Example breakdown
This walkthrough follows the same order as the app's calculation: hourly pay to swing pay, swing pay to annual pay, tax and Medicare, then separate superannuation.
The calculator uses 12 paid hours for each FIFO work day.
$40.00 x 12 hours = $480.00 per day
$480.00 x 8 on-days = $3,840.00 gross per 8/6 swing
An 8/6 roster is a 14-day cycle. The app annualises that using an average 365.25-day year.
365.25 / 14 = 26.09 swings per year
$3,840.00 x 26.09 = $100,182.86 gross per year
That also works out to $8,348.57 gross per month on average.
For this example, the app uses standard Australian resident tax rates plus a 2% Medicare levy.
Income tax = $5,092.00 + ($100,182.86 - $45,000.00) x 32.5%
Income tax = $23,026.43
Medicare levy = 2% x $100,182.86 = $2,003.66
Total tax withheld = $25,030.09
With no HECS-HELP repayment selected, net pay is gross pay minus total tax.
$100,182.86 - $25,030.09 = $75,152.77 net per year
$75,152.77 / 12 = $6,262.73 net per month
$3,840.00 - $959.40 = $2,880.60 net per swing
For hourly jobs, the app calculates super on the chosen super hours per day. The default is 8 hours, not the full 12-hour shift.
Super base = $40.00 x 8 hours x 8 on-days x 26.09 swings
Super base = $66,788.57 per year
Employer super = $66,788.57 x 12% = $8,014.63 per year
Super per swing
$307.20
Super per month
$667.89
Super per year
$8,014.63