LawCentral - Calculators

Borrowing Power Calculator

Wed, 30 Jan 2008 11:04:39 +0900

The Borrowing Power calculator helps you work out the amount of money a bank will let you borrow. This Borrowing Power varies according to your current financial position.

Car Fringe Benefit Calculator

Wed, 30 Jan 2008 10:52:56 +0900

The Car Fringe Benefit calculator estimates the value of any Fringe Benefit in a car salary package. It can also be used to work out how much an Employee needs to allow when salary packaging a car. The formula provides default values. These values are arrived at by industry standard or through specific tax rulings. Each value is completely customised.

Compound Interest Calculator

Wed, 30 Jan 2008 11:03:53 +0900

The Compound Interest Calculator helps you estimate the compound interest earned from an investment. The result is the interest earned and the annual return after reinvesting any interest (in %). The result does not consider any fees or taxes payable. The result gives you the interest paid, yearly, half yearly, quarterly and monthly.

Credit Card Calculator

Wed, 30 Jan 2008 11:00:38 +0900

The Credit Card calculator shows you how long it will take to pay off your credit card debt. If you just make the minimum payment every month you will find out how much interest you will pay on the initial loan. Most of the answers to the questions are found on your credit card statements issued by your bank.

Education Cost Calculator

Wed, 30 Jan 2008 11:03:27 +0900

The Education Cost calculator helps you plan your children's education needs. The calculator estimates the future cost of fees, taking into account personal savings, investment and inflation. The calculator calculates the value of your child’s Education fund by the time they enter the institution. To ensure you cover the cost you should increase your education savings fund by the amount calculated each year.

Individual Tax Withheld Calculator

Wed, 30 Jan 2008 10:52:55 +0900

The Individual Tax Withheld Calculator enables employers to calculate the amount of tax to be withheld when making payments to their employees. The employer requires information supplied by the employees. The information is contained in the following forms: Tax File Number Declaration; Withholding Declaration, Medicare Levy Variation Declaration (where applicable). The calculator also adjusts for HELP (formerly HECS) and SFSS components where applicable.

Inflation Calculator

Wed, 30 Jan 2008 11:01:07 +0900

The Inflation Calculator helps investors understand the effects of inflation. Both the inflation percentage and period of inflation are fully customisable.

Investment Property Calculator

Wed, 30 Jan 2008 11:05:19 +0900

The Investment Property calculator provides a guide to possible financial outcomes for the purchase of an investment property that may be rented out for the purpose of gaining income. "Negative Gearing" possibilities may be analysed.

Lease Calculator

Wed, 30 Jan 2008 11:01:41 +0900

The Lease calculator helps you work out monthly lease repayments. The calculator calculates both Commercial and Residential monthly payments. The commercial and residential sections work side by side allowing ease of comparison between the two types of leases.

Life Insurance Calculator

Wed, 30 Jan 2008 11:02:18 +0900

The Life Insurance calculator helps you to determine your total life insurance needs. When you die your family needs to be able to maintain the current standard of living. Whenever your circumstances change, you should use this calculator.

ASSUMPTIONS
Life insurance benefits are invested in low risk investments when you die. Rates of return, after taking taxes and inflation into account, are zero. Your current assets such as superannuation, home equity, etc. are not considered. You should seek advice from a Financial Adviser if you have significant assets. Your spouse has no additional superannuation, will retire at age 65 and will live to age 95. During retirement, your spouse's living expenses are assumed to be 80% of the expenses entered in the Living Expenses field. "Spouse's income" and "Other income" end at age 65.

Net Worth Calculator

Wed, 30 Jan 2008 11:09:02 +0900

The Net Worth calculator helps you to determine your assets and liabilities and calculate your Net Worth. Savings are assumed to be deposited at the beginning of each month with interest compounded monthly. Results exclude any fees or taxes payable.

Portfolio Calculator

Wed, 30 Jan 2008 11:05:59 +0900

The Portfolio calculator helps you design investment portfolios for 5 different levels of risk. It works out asset allocation percentages and values based on a Risk Profile allocation. It also works out the correct Risk Profile based on you current asset allocations and values.

Very low risk / Very Low Return:
This portfolio is for people who are concerned about preserving their capital. They are not concerned about the long term effects of inflation and taxation. The investment is unlikely to retain its real value but also is unlikely to have negative returns over any period. Taxable income is likely to be high.

Low Risk/ Low return:
This portfolio is for people who are willing to accept a small risk for higher long term returns. The total portfolio value is unlikely to fluctuate very much. Small negative returns may occur occasionally (every 4 to 5 years). Taxable income is likely to be moderately high.

Moderate risk / Moderate return:
This asset allocation is appropriate for a broad range of investors that can take a longer term view (4 years or more). It is suitable for people saving for retirement. Taxable income is likely to be modest.

High risk/ High return:
The equity component of this portfolio is large and will cause substantial fluctuations in portfolio value from time to time. It is suitable for those who have a high tolerance for risk. Investors should have a medium term view exceeding 5 years.

Very High risk/High return:
This portfolio contains 100% equities, therefore it would be expected to achieve the highest over the long term. Equally it may also experience extended periods of negative returns. Portfolio values will have very high fluctuations. Investors should have a medium to long term view of 7 to 10 years or more. Expected income is low.

Reduce your Loan Payments Calculator

Wed, 30 Jan 2008 11:00:01 +0900

The Reduce your Loan Payments Calculator helps you work out how long it will take to pay off your loan by increasing your payments. It also calculates the interest you save by making these additional payments.

Return on Investment Calculator

Wed, 30 Jan 2008 11:09:47 +0900

The Return on Investment Calculator helps you estimate your return on investment from a marketing campaign. This calculator is useful for marketing campaigns as: telemarketing; direct mail; email mailouts etc.

Salary Package Value Calculator

Wed, 30 Jan 2008 10:59:42 +0900

The Salary Package Value Calculator helps you to estimate the total value of any given salary package. The total value of the package is often referred to as the Total Employment Cost. The Calculator considers packaging such benefits as: car benefits, leave loading, Employer provided loans, health insurance, mortgage repayments, school fees, portable computers, briefcases, professional subscriptions.

Savings Calculator

Wed, 30 Jan 2008 11:04:17 +0900

The Savings Calculator helps you estimate your interest earned and final balance from a monthly savings account. We assume savings are deposited at the beginning of each month and interest is compounded monthly. The result does not include any fees or taxes that may be payable.