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TPLA604 Superannuation and Retirement Planning

TPLA604 Superannuation and Retirement Planning
Campus: South Eveleigh, NSW 2015
Units of Credit: 6
Prerequisite or Corequisite: No prerequisite or corequisite for this unit.
EFTSL*: 0.125
Indicative Contact Hours per Week: 3
Tuition Fee See Tuition Fee Schedule
Application Date: See Key Dates
Unit Overview:

This unit examines superannuation in Australia, explaining the evolution and features of the industry and the framework in which the industry operates. The first half of the unit focuses on the accumulation stage of superannuation with the pension phase and retirement issues studied in the second half.

This unit explores the types of superannuation funds available, fund design and benefit structures and the regulatory framework. Taxation considerations relating to contributions from members, benefit payments to members and beneficiaries, and the taxation of fund income, are studied.

Contribution standards, such as age restrictions and employment status, are considered; as are the standards to access superannuation, such as preservation and conditions of release.

Further to this, the investment of superannuation fund assets and member options in relation to these, and the administration of funds, are topics covered.

Consideration is given to ramifications of family law, bankruptcy and other superannuation planning considerations.

This unit then proceeds to examine the Australian retirement planning sector within the context of providing financial advice. Against the backdrop of changing demographics, increasing life expectancies, ongoing government legislation and product reform in the superannuation area, this unit explores what it means to have a “self-funded retirement” and desired retirement income levels.

The unit examines the types of retirement income strategies and options available, in particular types of income streams such as account-based pensions and annuities. Where relevant, appropriate discussion is given to products, rules and strategies that are grandfathered from old rules and legislation that are still accessible to existing investors.

*EFTSL = Equivalent full-time study load