Superannuation and Retirement Planning Strategies and Advice (FPL201)

Learning outcomes

Upon completion of this unit, students will be able to:

1. demonstrate an in-depth understanding of the key components of the 3 phases of superannuation and the operation of the different levels of taxation in the superannuation environment in the provision of financial advice;
2. apply relevant superannuation legislation including the Superannuation Industry (Supervision) Act 1993 and the Australian superannuation contribution rules and restrictions, to individual client circumstances;
3. use cognitive and communication skills to analyse, interpret and apply superannuation rules in order to construct an advice recommendation for a given client scenario, and examine the different types of superannuation retirement products in client specific situations;
4. evaluate the variety of superannuation structures including Self-Managed-Superannuation Funds (SMSF's);
5. demonstrate an understanding of the Pension Benefit Caps and Transfer Balance Account rules and how it applies to given client scenarios to interpret the wider implications of withdrawal decisions; and
6. demonstrate the ability to recognise, reflect on and respond to changing demographics and social factors as they relate to superannuation issues.