Overview
The Income page shows every source of income in your plan and how it changes over time. Find it under Plan → Cash Flow → Income.
You only enter some income yourself. The rest Canwi works out from the rest of your plan.
Section | What it covers | Where you set it |
Employment | Salary and wages, including bonus and super | Here, with Add Income |
Miscellaneous Incomes | Other taxable income, like side-hustle or freelance income | Here, with Add Income |
Income from your Assets | Dividends from shares, rent from property | Assets and Home & Real Estate pages |
Super Income Streams | Pension drawdowns and lump sums from super | Calculated from your retirement and drawdown strategy |
Government Benefits | Age Pension, Family Tax Benefit A and B | Calculated automatically |
Adding employment or other income
Click Add Income (top right), or Add employment income under the Employment section. A panel opens on the right. Use Full screen if you want more room.
1. Income type. Choose Employment Income for a salary or wage. Choose Other Taxable Income for anything else that's taxed, like freelance or side-hustle income. Choose Untaxed Income for income that isn't taxed. Canwi leaves it out of your tax calculations.
2. Income details.
Nickname – the name you'll see in charts, selection fields and breakdowns, e.g. "Hospital job".
Owner – who earns it, e.g. you or your partner.
Annual salary and pay cycle – enter your gross pay (before tax) and how often you're paid, e.g. $100,000 annually or $3,846 fortnightly.
Annual bonus – any regular yearly bonus.
3. Annual wage growth. How this income grows each year:
Wage Growth – your scenario's wage growth assumption (3.5% by default).
Inflation – grows with your scenario's inflation rate (2.6% by default), so it stays flat in today's dollars.
Custom – set your own rate.
Canwi applies growth at the end of each year. A $100,000 salary at 3.5% becomes $103,500 in year two. You can change the default rates (Wage Growth & Inflation) in Scenario Settings.
4. Other.
Part-time / Casual – pro-rates your salary. A $100,000 salary at 4 days a week becomes $80,000.
Salary includes superannuation – turn this on if your package includes super. If it's off, Canwi adds super on top. For example, $100,000 plus 12% super = $112,000 total package.
5. Superannuation.
Superannuation rate – defaults to the Superannuation Guarantee (12%). Change it if your employer pays more, e.g. under an enterprise agreement.
Cap at Maximum Super Contribution Base (MSCB) – employers only have to pay super on earnings up to $270,830 a year (2026–27), which works out to about $32,500 of super. Leave this on unless your employer pays super on your full salary. Check your contract if you earn over this amount.
Click Save. Your income now appears on the Income page and in your projections.
Changing your income over time
Each income card shows its owner, growth rate and any changes planned for it. Changes are listed by year under the card. Life events like Promotions, Stopping a Job and Retire show up here automatically, so you can see when an income stops.
To add your own change, click + Add a change. Use this for a promotion, pay cut, career break, parental leave or move to part-time.
Income from your assets
Dividends and rent are calculated from the assets in your plan, not entered here. To change them, update the asset's value or yield on the Assets or Home & Real Estate page. Jointly owned assets show the split, e.g. Helly 50% / Mark 50%.
Super income streams
Account-based pension payments and lump-sum withdrawals are worked out from your retirement and drawdown strategies. They usually show as "None" at the start of your plan, because most people aren't drawing on super yet. Click include planned items on this screen to see the streams your plan expects later.
Government benefits
Canwi works out the Age Pension and Family Tax Benefits (Parts A and B) from your plan, based on your income, assets and family. They're marked Calculated and can't be edited directly. To leave them out, turn them off in Scenario Settings → Model Settings.
Viewing your income
Use the filters above your income list to change what you see:
People – the whole household, or one person.
Period – yearly or other periods.
Show – Initial shows income at the start of your plan. Switch it to include income from planned events as well (i.e. "All").
Detail – how much detail each list item shows.
On the right, two charts show your income over your whole plan:
Income Projection – every income source by year. Use Group by to group by source. A red warning appears if your plan runs out of cash.
Income Tax Projection – the tax you'll pay each year.
Use Today's Dollars at the top of the page to switch between today's dollars and future (nominal) dollars.
FAQs
Should I enter my salary before or after tax?
From onboarding you have the option to provide either a pre-tax or post-tax figure. In general it's better to provide a before tax (gross) amount as this will be more accurate. If you've selected to provide an income post-tax during onboarding, Canwi converts it to it's pretax equivalent based on what we know about your at that point in time. Canwi works out your tax, Medicare levy and HELP repayments for you.
My package includes super. What do I enter?
Enter the full package and turn on Salary includes superannuation. Canwi splits out the super for you.
Why is my Income not increasing at 3.7% pa even though i've selected Wage Growth (3.7%)?
You're probably viewing in today's dollars, which adjusts the value into today's purchasing power based on the inflation rate. Switch to future dollars at the top of the page to see the nominal (actual dollar) amounts.
Where do I add rental income or dividends?
On the asset itself, not here. Rent comes from your property on Home & Real Estate. Dividends come from your shares on Assets.
Why can't I edit the Age Pension or Family Tax Benefit?
Canwi calculates them from your plan using Services Australia rules, so they update as your plan changes. To leave them out, turn them off in Scenario Settings → Model Settings.
Why does Family Tax Benefit show a range?
The Family Tax Benefit shows a range of what FTB payment is received per year across your plan.
Why does Super Income Streams say "None"?
You're not drawing on super yet at the start of your plan. Click include planned items on this screen to see what your plan draws in retirement.
Does wage growth apply to my bonus?
Yes
I have two jobs. Can I add both?
Yes. Add each as its own employment income.
Does my employer pay super on my bonus?
Usually, if the bonus relates to your ordinary work, like a performance bonus or commission. Not if it's purely for overtime. If you're not sure, check a payslip from a previous bonus or ask your payroll team.
In Canwi, set Employer super on bonus to match:
None – no super is paid on the bonus.
Additional – super is paid on top. A $1,000 bonus at 12% adds $120 to your super.
Included – the bonus amount you entered already includes super.