UO Superannuation

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; requirements. Superannuation contributions and tax: contribution types; tax implications of contributions and investments; Superannuation Guarantee (SG); 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; nomination of beneficiaries.

Textbooks

Nil

Prerequisites

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
BANK 2011	UO Introduction to Financial Planning
COML 2020	UO Companies and Partnership Law

Corequisite(s)

Nil

Teaching Method

Component	Duration
EXTERNAL, ONLINE ACTIVITY
Online	10 weeks x NA

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

Assessment

Examination, Presentation

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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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
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* 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