1. What is Fortnightly Pay?

Fortnightly pay refers to the amount an employee receives every two weeks (14 days) from their annual salary. Many companies pay employees on a fortnightly basis, which results in 26 pay periods per year.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Annual Salary — Total yearly compensation before taxes
• 26 — Number of fortnights in a year (52 weeks ÷ 2)

3. Importance of Fortnightly Pay Calculation

Details: Understanding your fortnightly pay helps with budgeting, financial planning, and comparing job offers with different pay frequencies.

4. Using the Calculator

Tips: Enter your annual salary in dollars (before tax). The calculator will divide this amount by 26 to give your gross fortnightly pay.

5. Frequently Asked Questions (FAQ)

Q1: Is fortnightly pay the same as bi-weekly pay?
A: Yes, fortnightly and bi-weekly both refer to payment every two weeks (26 pay periods per year).

Q2: How does this differ from semi-monthly pay?
A: Semi-monthly pay is twice a month (24 pay periods), usually on specific dates (e.g., 15th and last day), resulting in slightly different pay amounts.

Q3: Does this include taxes and deductions?
A: No, this calculates gross pay. Net pay would be lower after taxes and other deductions.

Q4: What about leap years?
A: The calculation remains the same as it's based on 52 weeks per year regardless of leap years.

Q5: How accurate is this for hourly employees?
A: This is designed for salaried employees. Hourly employees should multiply their hourly rate by hours worked per fortnight.