Unlock the Hidden $20,000 Borrowing Power Inside Your Hospital Payslip
Working in the Australian public healthcare system entitles you to one of the most generous tax concessions in the Commonwealth: FBT-exempt salary packaging under Section 57A of the Fringe Benefits Tax Assessment Act 1986.
Every year, public hospital doctors can package up to $9,010 in general living expenses and $2,650 in meal entertainment, paying these costs directly from pre-tax earnings.
However, standard retail bank branches only look at your net taxable income, completely ignoring the pre-tax value of this tax exemption. This mistake slashes your assessed borrowing power by $60,000 to $100,000+.
Here is our strategy: We ask you a few quick questions about your situation, then match you directly with an accredited specialist who will fight for your approval, cut through bank red tape, and deliver your loan with zero stress. Get matched directly with an accredited specialist in 60 seconds via the Mortgage Matcher.
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| Salary Component | Standard Bank Treatment | Wholesale Gross-Up Policy | Assessed Annual Value |
|---|---|---|---|
| $9,010 General Living Expenses | Counted at Net ($9,010) | Grossed-Up (Pre-Tax Equiv) | $17,000 Gross Income |
| $2,650 Meal Entertainment | Ignored / Excluded | Grossed-Up (Pre-Tax Equiv) | $5,000 Gross Income |
| Total Annual Gross-Up Boost | $9,010 Assessed | $22,000 Assessed | +$13,000 Extra Income |
| Net Impact on Borrowing Power | Baseline Capacity | +$85,000 to +$110,000 Extra Loan | Maximum Property Reach |
1. The Statutory Mechanics of Section 57A FBT Exemptions
Under Section 57A of the FBTAA, public health organisations, public benevolent institutions (PBIs), and public hospitals are exempt from paying Fringe Benefits Tax on employee benefits up to capped thresholds.
Because this $11,660 combined sum is paid from pre-tax salary and never taxed at your 47% top marginal bracket, it provides the exact economic benefit of earning $22,000+ in pre-tax gross salary.
2. Documentation Required for Salary Packaging Verification
To ensure your salary packaging is grossed up without friction during credit underwriting, assemble the following evidence:
- Packaging Provider Statement: Confirmation letter from Maxxia, Smartsalary, AccessPay, or SalaryPlus showing active deductions.
- YTD Payslip Evidence: Hospital payslip detailing line-item deductions for packaging card or direct mortgage payment disbursements.
- Novated Lease Distinctions: Separating general living packaging from novated car lease deductions to prevent double-counting liabilities.
- Remote Area Housing Allowances: Factoring in additional remote housing FBT concessions for regional medical doctors.
3. Dual-Income Medical Household Amplification
When two medical professionals (e.g. two doctors or a doctor and a nurse) apply together, both applicants qualify for independent Section 57A FBT packaging exemptions.
This dual gross-up adds over $44,000 in combined pre-tax assessed earnings, increasing joint household mortgage borrowing capacity by $180,000 to $220,000+.
Accredited Mortgage Specialists
Accredited credit representatives independently verified against the ASIC Professional Register. Governed by statutory Best Interests Duty (BID) with direct wholesale lender desk access.
David Chi Tran
Emerge Finance
Frequently Asked Questions: Salary Packaging & FBT Gross-Up for Medical Mortgages Australia
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