It appears to be a widely held view that pursuing a nurse practitioner preceptorship, and becoming certified as an RN, will increase your income tax credit. The RCN (Registered Nurse Practitioner) designation is one of two licenses required to practice in New Zealand. It indicates to the Department of Health that you have completed a two-year degree from an approved tertiary nursing college.
Nurse Practitioner Proscription and Its Economic Impact
There are five types of nurses who can apply for the nurse practitioner preceptorship tax credit. There are those with a Bachelor’s degree, those with a Diploma, those with a Doctoral degree, those with a Masters degree and those with a Doctorate degree. You must complete an approved nurse practitioner training program, normally consisting of one year of full time study. In addition, in order to apply you must demonstrate that you meet all the eligibility criteria. These include having a genuine desire to practice as a nurse practitioner, meeting the education and training criteria and displaying fluency in English.
If you decide to pursue your studies then you should plan to complete a dissertation or write a paper on a particular topic which will be submitted to your teacher for inclusion on your transcript. The cost of getting your PhD is likely to be a factor in your decision about pursuing your studies. The fee for becoming a full time RN is about $beam plus salary. Assuming that you receive a good salary this will make the fee for your preceptorship slightly more expensive, but if you wish to work from home the fee for setting up a home office is likely to be considerably less. In addition, if you want to pursue further studies it may be possible to get a part time placement instead of being paid to reside in the institute. This will likely reduce the overall cost of the plan.