Pharmacists
From employee to partner to owner, finance that keeps up.
Employee, partner and owner positions are read very differently, and pharmacy purchases carry high goodwill and stock. I set out how selected lenders will see yours.
You're on your feet all day for your patients. I'll handle the finance.
The challenges
Sound familiar?
If you're employed (PAYG)
- Salary, penalty rates and overtime
- Pharmacist-in-charge roles
If you're self-employed, contracting or an owner
- Partnership income
- Pharmacy ownership, goodwill and stock
- Company or trust income
How I read your income
Employee
Salary and penalties presented with payslips.
Partner
Partnership distributions read in context.
Owner
Pharmacy financials and add-backs reconstructed.
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.
Employment contract or partnership agreement
Payslips or distributions
Tax returns and pharmacy financials
AHPRA registration
Benefits
What selected lenders may offer
LMI waivers for eligible pharmacists at some lenders, verified per lender
Pharmacy acquisition and goodwill lending at selected specialist lenders
Partnership buy-in finance, subject to the deal and credit approval
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 |
|---|---|
| LMI waivers are only for doctors. | Some lenders include eligible pharmacists. Lists vary and policies change. |
| Goodwill can't be financed. | Selected specialist lenders fund pharmacy goodwill, subject to valuation and criteria. |
| You need to own outright before buying in. | Partnership buy-ins can be financed at selected lenders, subject to the deal terms. |
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.