Finance Broker Salary: What You Take Home After Tax in 2026–27

Understanding your finance broker salary

If you're working as a finance broker in Australia, your pay is rarely a simple annual figure. The median full-time finance broker salary is around $134,000 a year, according to , or $2,576 per week based on data for Financial Brokers. But that gross number is only the starting point. What you actually deposit into your bank account depends on income tax, the Medicare levy, and how your commission is structured.

This guide walks you through the after-tax calculation for a typical finance broker salary in the 2026–27 tax year. We'll use the latest ATO rates and the Medicare thresholds ($28,011 and $35,013 for singles) to show you what clears after the government takes its share.

From gross to net: tax and Medicare

Your finance broker salary is taxed at progressive rates. For 2026–27, the tax brackets are:

• $0 – $18,200: nil
• $18,201 – $45,000: 15c per $1 over $18,200
• $45,001 – $135,000: $4,020 plus 30c per $1 over $45,000
• $135,001 – $190,000: $31,020 plus 37c per $1 over $135,000
• $190,001+: $51,370 plus 45c per $1 over $190,000

On the median $134,000, your tax is $4,020 + 30c × ($134,000 – $45,000) = $4,020 + $26,700 = $30,720. The low-income tax offset (LITO) reduces this: at $134,000 you get $325 minus 1.5c per dollar over $45,000, which is $325 – $1,335 = nil. So your tax stays $30,720.

Then comes the Medicare levy: 2% of taxable income, or $2,680. The full 2% applies because your income is well above the single upper threshold of $35,013. Total tax and Medicare: $33,400. Your take-home pay would be $134,000 – $33,400 = $100,600 per year, or about $3,869 per fortnight.

Remember, this is a resident estimate only. It excludes HELP/HECS repayments, the Medicare levy surcharge, and salary sacrifice. Use our Take-home pay guide for a more personalised calculation.

The role of commission and super

Many finance brokers earn a base salary plus commission – upfront (0.65%–0.70% of the loan amount) and trail (about 0.15% annually). That commission is fully taxable. If your total income from salary and commission is higher than $134,000, your marginal tax rate will be 30c or 37c per dollar, so a significant portion goes to tax.

Your employer must also pay superannuation at 12% from 1 July 2026, on top of your salary (up to the maximum contribution base of $270,830). That super is not deducted from your take-home pay – it's an extra benefit. See our Super page for details.

If you're self-employed, you pay your own tax and super, and your commission split (often 80%–100% after aggregator fees) affects your net income. The article notes that base pay is the floor; the real earnings are in commission.

Benchmarks and comparisons

How does a finance broker salary compare to other roles? The national minimum wage is $26.44 per hour ($1,004.90 per week). The average full-time adult ordinary time earnings are $2,083.70 per week ($108,352 per year). At $2,576 per week, finance brokers earn about 24% above the average full-time worker.

For more context, see our Benchmarks page and Average pay guide. You can also check the Roles section for other occupations.

Key takeaways

• The median finance broker salary is about $134,000 gross, but commission can push it higher.
• After tax and Medicare, a salaried broker on $134,000 takes home roughly $100,600.
• Commission is fully taxable; plan your PAYG withholding to avoid surprises.
• Super is additional at 12% – not part of your take-home.

Use the Clearance tool to estimate your own after-tax amount, and read our Tax and Medicare guide for more details.