Australia · 2026

Australia income protection calculator

Australian income protection replaces up to 70% of your pre-tax income (excluding super) if illness or injury stops you working — benefits are taxable. Estimate the monthly cover you need below.

Recommended benefit

$4,200.00/mo

Target benefit$4,200.00/mo

Annualized$50,400

Replacement ratio70.0%

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How this estimate is calculated

We multiply your gross monthly income by your chosen replacement ratio and subtract existing cover. Under APRA's reforms, new Australian income-protection policies cap cover at 70% of income (excluding super), and benefits are taxable. Cover held inside super is priced and structured differently. Waiting and benefit periods vary. Authoritative bodies: APRA, ASIC MoneySmart.

See our full methodology for assumptions, limits and the 2026 data used.

Sources

Written by: Colson — Founder & insurance-data researcher, ColsonSuperApps LLC
Verified: Every figure checked against its cited primary source
Last updated: June 13, 2026
Standards: Editorial policy

This is an estimate based on published average-rate data for informational purposes only — not a quote, and not insurance, legal or financial advice. Your actual price depends on the carrier and underwriting. Get a real quote for exact pricing.