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 | Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Ayobolawole Ogundipe |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Sustainable Development Goals
The Unit Coordinator has identified that this unit aligns with the following UN Sustainable Development Goals. We welcome your thoughts and feedback on the alignment of the unit with these goals.
Availability
Specific information on 2027 unit availability will be available in August
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
2027 fee information will be available in August.
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.
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| 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. |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.