Financial

Module Author – Alex Markwell; Peer review – Una Harrington

Learning Objectives

  1. Describe the role of financial health in relation to overall health practitioner wellbeing
  2. Understand your employment and remuneration entitlements and be able to justify each payment type and deduction
  3. Discuss the potential benefits and disadvantages of superannuation strategies, including discretionary employee contributions, industry vs self-managed funds and portfolio investment strategies
  4. Outline the potential benefits and disadvantages of salary sacrificing
  5. List and justify relevant insurance options for health practitioners, including income protection insurance, trauma insurance and life/total and permanent disability insurance
  6. Describe other appropriate instruments to facilitate financial health, including Enduring Power of Attorney for finance matters, Wills, death beneficiary notifications, family trusts, and company structures

Module contents