UO Superannuation G

Course aim

To develop understanding of superannuation as a saving and wealth creation vehicle; the financial planning principles and advice involved in superannuation investment strategy; and tax implications associated with superannuation and retirement planning.

Course content

Superannuation environment: brief history, social implications of retirement, funding requirement for retirement, regulatory environment, complying funds, nature and limits of investments, fund types and characteristics; self-managed superannuation funds (SMSF): role, establishment, operation and requirements; superannuation contributions and tax: contribution types, tax implications of contributions and investments, Superannuation Guarantee (SG) and contribution rules; fund preservation and release: preserved and non- preserved benefits, restricted and non-restricted benefits, types of condition of release; superannuation benefits: tax free and taxable components of benefits, lump sum, account-based pension, income streams, tax implication of benefits payments, commutation, social security benefits and superannuation retirement planning; death benefits: superannuation and tax laws applicable for death benefits, proportioning rule, identification of beneficiaries and nomination of beneficiaries.

Textbooks

Leow, J & Murphy, S 2019, Australian Master Superannuation Guide, 2019/20, 23rd edn, Wolters Kluwer, Sydney, Australia

Prerequisites

Nil

Corequisite(s)

Nil

Teaching Method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Analysis and Presentation, Examination

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
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* Equivalent Full Time Study Load. Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation