Retirement Planning
24 hours Face to Face + blended + Swinburne Online
One Semester or equivalent
Hawthorn, Online
Available to incoming Study Abroad and Exchange students
Overview
The unit aims to develop an understanding of retirement planning with a particular focus on the superannuation industry. Students are introduced to the complex world of superannuation saving industries in Australia and the process of transferring this wealth into a retirement plan. Government regulations and policies applicable to the superannuation industry will be discussed. The unit will cover topics such as superannuation funds, regulatory framework, investment decisions, superannuation taxation issues, allocated pensions, and aged care planning.
Requisites
Teaching Periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Learning outcomes
Students who successfully complete this unit will be able to:
- Demonstrate an understanding of the nature of the Australian superannuation industry and evaluate a range of retirement products and structures
- Demonstrate specialist knowledge of taxation on superannuation funds and the impact of the various regulatory bodies on the financial planning industry
- Develop strategies and recommendations on superannuation and retirement planning based on clients’ specific requirements
- Demonstrate an understanding of the aged care sector and taxation implications of death benefits
- Work effectively in teams
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| On-campus Class | 2.00 | 12 weeks | 24 |
| Online Lecture | 1.00 | 12 weeks | 12 |
| Unspecified Activities Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
Swinburne Online
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 12.50 | 12 weeks | 150 |
| TOTAL | 150 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Assessment | Individual | 40 - 60% | 1,2,3,4 |
| Assignment 1 | Individual | 20 - 30% | 3,4 |
| Assignment 2 | Group | 20 - 30% | 1,2,3,4,5 |
Content
- Background of Australia superannuation system and regulation
- Types of superannuation funds and taxation
- Contributions and transfers to superannuation funds
- Superannuation guarantee scheme
- Self-managed superannuation funds
- Superannuation benefit payments and provision/conditions to release
- Social security safety net
- Aged care planning
- Retirement income streams
- Retirement planning issues: death, divorce and complaints
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.