Our Home Plan

The current monthly saving capacity already includes the configured car repayments and fee. The finance engine uses the actual balance date and next-payment date, so the first period from 31-Jul-2026 to 07-Aug-2026 is a 7-day interest period. The What-If page keeps the published car-loan plan unchanged.

Actual gross, PAYG, net income and employer super come from the Excel ledger. Year-end tax uses the configured resident tax rates, deductions, LITO, Medicare levy, MLS and any manual liabilities or offsets.

The legislated $1,000 standard work deduction is treated as a top-up only. Record-backed/profile work deductions reduce the top-up dollar-for-dollar, so the app never adds an unsupported $1,000 on top of actual work expenses. Tax-agent fees and other eligible deductions outside that work basket remain separate.

V6 does not assume that OVHC automatically qualifies as appropriate private patient hospital cover for Medicare Levy Surcharge purposes. Enter Medicare full-exemption days and MLS exempt/appropriately-covered days in Excel using evidence such as Medicare entitlement information, a Medicare Entitlement Statement where relevant, and insurer/tax confirmation.

• Excel remains the source of truth for balances, actual income, expenses, house assumptions and car-loan data.
• The phone app is read-only for published actuals. What-If changes are stored only on the device and never write back to Excel.
• Salary simulations estimate 2026–27 Australian resident income tax plus a 2% Medicare levy; actual PAYG comes directly from the Excel transaction ledger.
• The estimate excludes tax offsets, HELP debt, Medicare levy surcharge, deductions, salary packaging and superannuation.
• The new monthly forecast is anchored to the published Excel net income and applies only the estimated after-tax change.
• The $25,000 emergency fund is separate and is never counted toward the $120,000 house cash target.