FIN564 Superannuation and Retirement Planning (8)

CSU Discipline Area: Economics and Finance (ECFIN)

Duration: One session

Abstract:

This subject introduces the student to the complex world of superannuation savings and transferring this wealth into a retirement plan. The course will examine the government policy behind superannuation and the historical, international and legal context of this policy. It will then look in detail at the complex rules relating to contributing, investing, compliance, thresholds and indexations, before considering the use of superannuation as part of an overall retirement plan.

+ Subject Availability Modes and Locations

Session 1
Distance	Bathurst

Continuing students should consult the SAL for current offering details: FIN564

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Enrolment restrictions:

Postgraduate Courses in the Faculty of Business

Objectives:

Upon successful completion of this subject, students should:

be able to understand how superannuation policy is placed within its historical, international and legal framework and understand the proposed amendments to be made to superannuation;
understand the complex sets of rules determining the taxation of superannuation contributions, earnings and withdrawals;
make recommendations to individuals and couples on the most effective way of saving for retirement;
demonstrate the use of retirement income streams within the social security and tax system to gain a tax free retirement income stream;
show how superannuation and retirement income streams work within an estate plan;
put in place plans that will meet conflicting goals for retirement lifestyle, independence and the building up of an estate;
understand the rules and requirements for establishing and administering superannuation funds and self-managed superannuation funds; and
understand the various retirement income products within the market.

Syllabus:

The subject will cover the following topics:

. Retirement policy . Historical and international background to superannuation . The superannuation entity . Establishing a superannuation fund including taxation . Administration and compliance of funds . Contributions to superannuation funds . Benefits from superannuation funds and reasonable benefit limits . Investment policies and strategies . Family law, bankruptcy and other legal issues . Retirement issues including social security, estate planning and termination payments . Retirement income streams . Self-managed superannuation funds . The role of the adviser . Case studies in retirement income planning

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