Superannuation and Retirement Planning

Unit code: BEO2014 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Prerequisites
N/A
Overview
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Overview

Learn how to manage superannuation to set your clients up for a successful retirement. Understand how over the last three decades mandated compulsory Superannuation contributions have benefitted retirees by implementing a system of investment funds to draw upon after retirement.

In this unit you will:

  • explore the range of superannuation funds available minimise taxes
  • understand various methods of making both concessional and non-concessional contributions.
  • explore taxation of superannuation pre and post retirement
  • ensure superannuation funds are used for their proper purpose upon retirement

You will also review various retirement income streams, as well as the social security system as a safety net to supplement income.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Validate the existence and application of a mandated Superannuation system;
  2. Argue the need for regulation of an effective Superannuation scheme;
  3. Critically review and apply Superannuation Law in assessing various types of contributions; and,
  4. Construct a Retirement Plan which maximises wealth, minimises tax, and benefits both client and beneficiaries.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 10%
Multiple Choice Quiz
Assessment type: Case Study
|
Grade: 50%
Construction and Presentation of a Retirement Plan
Assessment type: Test
|
Grade: 40%
Final Test

Required reading

Retirement Made Simple
Whittaker, N. (2020) | Australia: Whittaker
Superannuation Made Simple
Whittaker, N. (2021)| Australia: Whittaker

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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