Courses & Units
Retirement Planning BFA608
Introduction
This unit provides background information on the demographic trends in Australia and gives an overview of the compulsory superannuation system that operates within Australia. Within the financial planning industry, retirement planning forms an important part of advisory services. This unit will enhance your knowledge of the matters relating to superannuation and retirement planning for advisors in the financial services industry. The unit examines both the merits and processes in investing in superannuation for retirement purposes. Working through this unit should help you understand the dynamics determining the responsibilities of investing with superannuation and the range of investment and legislative implications. The unit will cover other important considerations necessary for participants of the superannuation industry and features including, taxation concessions, allowable contributions and income streams, setting up and winding down a SMSF, estate planning and social security.
Summary
| Unit name | Retirement Planning |
|---|---|
| Unit code | BFA608 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Roger Colbeck |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 2 | On-Campus | International | Domestic | |
| Online | Semester 2 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 2 | 22/7/2024 | 16/8/2024 | 9/9/2024 | 27/10/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Describe superannuation in the Australian context.
- Analyse and calculate the taxation implications re superannuation.
- Evaluate retirement and superannuation products including Socially Responsible Investing (SRI) and make appropriate choices for client specific situations.
- Develop strategies and provide advisory recommendations on superannuation and retirement planning.
- Explain the Social Security environment with respect to superannuation and retirement planning.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 080101 | $2,040.00 | $1,597.00 | not applicable | $2,979.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Teaching Pattern | The 12 topics /weeks are for students to use as readings and source material. For each of the Topics there are workshop powerpoint slides, online presentation material and video interviews that introduce key concepts.
|
|---|---|
| Assessment | Test (25%)|Application Questions and Case Study (35%)|Capstone project (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Taylor, S, Juchau, R 2021, Financial Planning in Australia: Advice and Wealth Management 10th edition Administration, LexisNexis Butterworths, Sydney |
|---|---|
| Recommended | McKeown, Kerry, Olynyk 2021, Essentials Financial Planning, 2nd Updated Edition, Wiley. Australian Superannuation Legislation 2020, twenty sixth edition, CCH. Jones, S 2019, Australian Superannuation Handbook, 2019-2020 edition, Thomson Reuters, Australia. Negline, T, 2019, The Essential SMSF Guide, Thomson Reuters. Association of Superannuation Funds of Australia (ASFA), Research and Papers 2010 to 2021, https://www.superannuation.asn.au/policy/reports. | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.