Credit Points 10

Legacy Code 200867

Coordinator Julie Knutsen Opens in new window

Description This unit provides an understanding of the key issues, decisions and frameworks that affect financial planning for retirement. The unit focuses on superannuation and effective financing of retirement. It includes key concepts in prudential supervision of Australian superannuation, exploration of types of funds relevant to retirement, appreciating trends in retirement financing policies and their effects on providing advice, understanding the social security and age care systems' effect on retirement planning strategies; and correctly computing tax liabilities on superannuation, pensions, and estate management. This unit is the principal one for learning about self- managed superannuation funds, for whom they are suitable and for whom they are not.

School Business

Discipline Investment and Securities

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Restrictions

Students must be enrolled in 2671/2770 Master of Commerce (Financial Planning) or 2690 Graduate Certificate in Commerce (Financial Planning).

Learning Outcomes

On successful completion of this subject, students should be able to:

1. Evaluate key concepts in prudential supervision of Australian superannuation;
2. Evaluate types of funds relevant to retirement;
3. Evaluate the trends in retirement financing policies and their effects on providing advice;
4. Apply to practical retirement decisions a sufficient understanding of the social security and age care systems;
5. Apply the correctly assessed tax to superannuation, pension, fund administration and similar calculations.

Subject Content

- client Profiling and managing The advisory relationship
- economic and lifestyle decision making for retirement provision
- Law and ethics of retirement and aged care planning
- retirement strategy development and superannuation fund selection
- fund types, pensions and state assistance
- macroeconomic, social and political context of retirement planning Trends in Australia
- self-Managed superannuation fund design, management and taxation
- Behavioural economics and financial decision making for retirement
- financial safety nets, aged care and Centrelink Issues arising from extended longevity