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Financial planner salary: How it compares to the Australian full-time average

The ABS does not publish a specific salary for financial planners. The national full-time average is $108,352 per year, and the average for Professionals (which includes financial planners) is about $106,579 per year.

This sits on the Australian full-time average.

Week, hour, and a tax sketch

$2,084 a week · $54.83 an hour if spread over 38 hours

About $83,159 after resident income tax and a 2% Medicare levy.

2026–27 resident rates and a 2% Medicare levy. Not a tax assessment.Open the full line

Financial planner salary and the national full-time average

The Australian Bureau of Statistics does not publish a separate salary figure for financial planners. However, financial planners are typically classified under the Professionals occupation group. According to the ABS Employee Earnings and Hours survey for May 2025, Professionals earned an average weekly total cash earnings of $2,049.60. On a 38-hour week, that works out to about $106,579 per year. This is close to the national full-time adult ordinary-time average of $2,083.70 per week ($108,352 per year) from the ABS Average Weekly Earnings, May 2026.

Where financial planners sit on the line

The site's line is set at the national full-time average. If you are a financial planner earning around the Professionals average, you are just below that line. But salaries vary. A financial planner with experience, in a senior role, or in a high-paying state like the ACT or Western Australia could earn well above the national average. Conversely, those starting out or in lower-paying states may earn less.

Using the site to compare your salary

You can place a salary on the line to see how it compares to the national full-time average, the full-time median ($90,532 per year), and the all-employees median ($74,100 per year). The site also shows your weekly and hourly equivalents on a 38-hour week, and the distance from the line.

State and territory comparisons

Full-time average earnings vary across Australia. The highest state average is in the Australian Capital Territory at about $119,090 per year, while Tasmania has the lowest at about $96,008. If you are a financial planner in the ACT, you are likely above the national average. In Tasmania, you may be below. See the states and territories page for more details.

Tax on a financial planner salary

For the 2026–27 income year, resident tax rates are:

  • Nil up to $18,200
  • 15% from $18,201 to $45,000
  • 30% from $45,001 to $135,000
  • 37% from $135,001 to $190,000
  • 45% above $190,000

Plus the Medicare levy of 2% (reductions may apply). A financial planner earning $106,579 would fall in the 30% bracket. After tax and Medicare, the take-home pay would be roughly $80,000–$85,000 depending on deductions.

How the figures are set

The national full-time average comes from the ABS Average Weekly Earnings survey, released twice a year (May and November). The medians come from the ABS Employee Earnings and Hours survey, released annually. The minimum wage is set by Fair Work and updated each July. For more on methodology, see how the figures are set.

Other resources

For more on occupation-specific earnings, visit the job medians page. For industry comparisons, see industry medians. And for general guides on salary and the labour market, check the guides.

Summary

While there is no official ABS figure for financial planner salary, the Professionals average provides a useful benchmark. Compare your own salary against the national full-time average using the tools on this site.

Questions

What is the average salary for a financial planner in Australia?

The ABS does not provide a separate figure for financial planners. They are classified under Professionals, who earn an average of $2,049.60 per week ($106,579 per year). The national full-time average is $2,083.70 per week ($108,352 per year).

How does a financial planner salary compare to the national average?

If a financial planner earns the Professionals average of $106,579, that is slightly below the national full-time average of $108,352. However, individual salaries vary widely based on experience, location, and employer.

What is the minimum wage for a financial planner?

Financial planners may be covered by the Banking, Finance and Insurance Award. The national minimum wage from 1 July 2026 is $26.44 per hour, but award rates are typically higher. Check Fair Work for specific award classifications.

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