Coronavirus (COVID-19) information for Individuals
With many of us working from home, it is important to ensure we have the environment and the right equipment to maintain productivity. Exercising cyber security practices is also extremely important, particularly if you are house sharing or there is potential for ‘little fingers’ to inadvertently access your computer. Locking computers when away from your desk is an important habit to continue. Consider whether you need to undertake personal back-ups for your work etc.
With work and home life now one and the same for many people, it is important to establish a routine to ensure you get regular exercise, eat well and maintain good sleeping patterns. As well as our physical health, our mental health is equally as important. Minimising the stresses associated with worrying about job security, superannuation and insurances will reduce the impact on mental health.
Taking steps to understand your personal position on the following areas could help to alleviate some of that anxiety:
- Making sure you have access to super account details and relevant balances. You may need them if you have to contract Centrelink or other Government agencies
- In the event of your working hours and remuneration being reduced, or you being stood down, do you have a plan about how you will pay your essential bills – rent – phone etc.? Having your suppliers contact details and your account / reference numbers at your fingertips now will make it easier and less stressful if you do need to engage with your suppliers quickly to negotiate a payment arrangement
- Understand your Income protection insurance and your other insurance policies and what they mean for you and your loved ones
- Do your Will and Power of Attorney reflect your current wishes, and are they up to date?
- If you have a Self-Managed Superannuation Fund, (SMSF) have you reviewed your arrangement recently in regards to your benefits to ensure your wishes are accurately recorded, in the event of you not having capacity or passing away?
COVID-19 resources for individuals
For more information and contact, please visit the Australian business and Coronavirus (COVID-19) page.