Nurses & paramedics
Your shifts are real income. Lenders should read them that way.
Penalty rates, overtime, agency work, multiple employers and salary packaging can make your income look smaller than it is. I'll tell you honestly what selected lenders will count.
You spend your shifts looking after everyone else. Let me look after this.
The challenges
Sound familiar?
If you're employed (PAYG)
- Base, penalty rates and overtime
- Salary packaging
- Part-time, casual and multiple employers
If you're self-employed, contracting or an owner
- Agency work through an ABN
- Contract and locum nursing
How I read your income
Shift income
Penalties and overtime averaged across a suitable history.
Multiple employers
Each source documented and combined.
Packaging
Packaged benefits added back where lenders allow.
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.
Payslips from each employer
Year-to-date and prior-year income summaries
Salary packaging statements
AHPRA registration
Benefits
What selected lenders may offer
Overtime and penalties counted at selected lenders when regular and evidenced
Some lenders have expanded health-worker policies, with criteria that differ
Government deposit schemes and guarantor options, subject to scheme and lender criteria
Eligible professionals at selected lenders only. Criteria apply, policies change, subject to credit approval.
Common assumptions
What you've been told, and why it's wrong
| Told | Why it's wrong |
|---|---|
| Nurses get LMI waived. | Not as a rule. Waivers are narrower than for doctors, and only some lenders offer health-worker policies. Criteria apply. |
| Agency work won't count. | Selected lenders count agency or casual income with sufficient history. |
| Salary packaging doesn't help your application. | Selected lenders add packaged amounts back when evidenced. |
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.