Superannuation and Retirement Wealth Planning

Superannuation and Retirement Wealth Planning

Unit code: BAO6002

Credit points: 12

In this unit students will critically review superannuation and retirement planning trends, compare superannuation and self-managed superannuation funds with non-superannuation options, and role play the presentation of retirement planning advice to a mock client. Technical knowledge of superannuation, related tax legislation, building retirement capital, income stream options and social security will be applied to client scenarios and modelled using financial planning software and tools. Client communication skills will be applied to negotiating retirement planning preparation and problems. Professional skills including business awareness and interpersonal skills are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.

This unit is designed to meet the approved degree requirements of Financial Adviser Standards and Ethics Authority [FASEA]. Successful completion of this unit has the added advantage of satisfying the relevant FASEA education requirements of an approved degree and may count towards the annual Continuing Professional Development (CPD) requirement to a maximum of 30 CPD hours per year.

Learning outcomes

 

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

  1. Critically review the demographic and retirement planning trends in Australia and identify the impact of problems for financial and retirement planning advice over the three superannuation phases.
  2. Deduce appropriate client advice via a comprehensive comparison between superannuation and self-managed superannuation structures and tax treatments, and non-superannuation wealth building alternatives.
  3. Identify a client’s financial and non-financial retirement needs and integrate income stream and age pension strategies into a presentation of retirement planning advice.
  4. Consolidate technical knowledge and model tax effective superannuation and retirement planning advice using financial planning software and tools to project outcomes and research product options.

 

Related course/s

 

This unit is studied as part of the online Master of Financial Planning, Graduate Diploma of Financial Planning and Graduate Certificate of Financial Planning.