At Odyssey, we have developed our expertise to help meet the needs of medical and dental professionals, and after several years, we are truly in a position to assist specialists with the best possible product knowledge in this space. We appreciate that your professions are demanding and the pressure to keep abreast of new developments leaves little time to manage your finances.
At Odyssey, we specialise in wealth management solutions, insurances and salary packaging for Medical and Dental Specialists. We are a single point of contact that understands your financial and planning, saving you time and providing you with peace of mind. Also, we come to you. We understand the demands of your work and we will fit in with your schedule, visiting medical and dental professions at home or work is something we do regularly.
Key advice areas that we cover:
planning for fellowship year
children’s education funds
life insurance
superannuation incl. SMSF
retirement strategies
TPD insurance
investments/managed funds
income protection
critical illness insurance
We can assist with referral partners to help: finance your home, accounting and legal and taxation advice (for both students and consultants).
We give you the peace of mind and certainty when making those important decisions. We advise in setting financial goals, recommending effective strategies, educating, implementing and maintaining on your behalf allowing you to focus on the things that really matter.
Every person’s situation is different and therefore their priorities and financial requirements change depending upon their particular stage in their professional career.
Medical consultants.
Odyssey provides assistance and guidance to consultants in the areas of:
Cash flow and debt management
Appropriate operating structures
Tax planning¹
Investment planning
Appropriate & adequate insurances (i.e. needle stick cover, income protection, trauma & illness, death & disability, business expense insurance)
Superannuation & retirement planning (i.e. children’s education fund, salary packaging for Qld Health & Mater)
Asset management
Medical & dental students/ registrars.
Odyssey provides assistance and guidance to consultants in the areas of:
Cash flow and debt management including structured budgeting
Salary packaging¹
Appropriate insurance cover
Finance for motor vehicles¹
Unsecured loans to pay for college fees, exams and fellowships¹
Investment planning, including advice on budgeting and cash flows, to assist preparation for your fellowship year
Income protection for medical & dental professionals.
There are certain insurance providers that cater specifically to medical and dental professionals. They recognise that you have significant income earning potential that your financials would not necessarily reflect in the first few years of your career after graduation.
For young dental & medical graduates, you can apply for a guaranteed $10,000 monthly benefit (agreed value) and $2,500 monthly benefit (indemnity value) for a total of $12,500 per month. This does not require financial evidence.
For medical & dental specialists, you can apply for a guaranteed $15,000 monthly benefit (agreed value) and $5,000 monthly benefit (indemnity value) for a total of $20,000 per month.
To be eligible you must:
Be a newly qualified professional who became registered or licensed with the board of your profession in the last 3 years.
Be working at least 30 hours per week.
¹These services are not provided under Alliance Wealth Pty Ltd AFS License, but rather through your employers salary sacrificing provider.