Allied health
Physio, psychology, OT and more, income read properly.
Physiotherapists, psychologists, occupational therapists, optometrists, podiatrists and speech pathologists are often paid as contractors or on a percentage of billings. I read that income the way a lender will.
Your caseload comes first. I'll handle the lender side.
The challenges
Sound familiar?
If you're employed (PAYG)
- Salary in hospital, community or private roles
- Overtime and allowances
If you're self-employed, contracting or an owner
- Contractor or % of billings income
- NDIS income
- Private practice set-up
How I read your income
Contractor
Billings and percentage reconciled to net income.
NDIS
Plan-managed and agency income documented.
Practice owners
Practice financials read in context.
Criteria apply and policies change.
What to have ready
Documents usually needed
I don't give tax or structuring advice. I work alongside your accountant or adviser.
Contractor agreement or employment contract
Billing statements and BAS
Tax returns
Registration details
Benefits
What selected lenders may offer
LMI waivers for some allied professions at selected lenders, with lists that vary widely
No minimum ABN history at selected lenders, with other criteria applying
Practice set-up and equipment finance
Eligible professionals at selected lenders only. Criteria apply, policies change, subject to credit approval.
Buying or running a practice? See practice owner financeCommon assumptions
What you've been told, and why it's wrong
| Told | Why it's wrong |
|---|---|
| Allied health never gets professional benefits. | Some lenders include eligible allied professions. Lists vary and policies change. |
| NDIS income doesn't count. | Selected lenders count documented NDIS income. |
| You need two years of ABN history. | Selected lenders have no minimum ABN history. Other criteria apply. |
FAQ
Questions about this position
General information only. It does not consider your personal circumstances. Eligibility, loan-to-value limits, professions covered and lender policies vary and change. Subject to lender credit approval.
Put the real numbers in front of you.
I'll read the position, show the calculation and explain the trade-offs, no guesswork, no rework.