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FPC003 Superannuation and Retirement Advice

Building on the fundamentals of financial planning undertaken in Applied Financial Planning (FPC002) or equivalent, this subject provides a comprehensive overview of issues relating to superannuation and retirement planning.

The subject addresses the different aspects of superannuation including contributions, benefits and income streams, as well as how superannuation is treated in death, divorce and bankruptcy. Retirement savings accounts, retail funds, industry funds, self managed superannuation funds, aged care and equity release schemes are also covered.

The subject covers the formulation of a statement of advice (SOA), concentrating on how to structure the various required elements and providing recommendations.
Relevant legal and regulatory requirements are detailed, along with examples and strategies that financial advisers can use to benefit their clients.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Analyse superannuation structures and strategies for various client situations.
      2. Explain the taxation implications of superannuation strategies for contribution, withdrawal and insurance at the fund level.
      3. Analyse superannuation retirement income stream strategies according to their benefits, tax implications and social security treatment as they relate to different client situations.
      4. Formulate strategies to maximise superannuation benefits and clients’ entitlements to social security benefits and aged care.
      5. Discuss the advantages and disadvantages of equity release schemes as a source of retirement income.
      6. Design superannuation strategies in respect of divorce, bankruptcy and death benefits.
      7. Develop a compliant statement of advice (SOA).
  • Subject content
    • Topic Title
      Topic 1 Introduction to retirement planning and superannuation
      Topic 2 Contributions
      Topic 3 Tax
      Topic 4 Superannuation benefits
      Topic 5 Income streams
      Topic 6 Social security and aged care
      Topic 7 Self-managed superannuation funds
      Topic 8 Statement of advice — structure and recommendations
      Topic 9 Death benefits
      Topic 10 Divorce and bankruptcy
      Topic 11 Superannuation strategies and equity release schemes
      Topic 12 Ongoing service

  • Assessment
  • Prerequisites
  • Course transition subject equivalence
    • Students who transition from a SIA/Finsia/Kaplan course and have completed the following subject within the course completion time frame may not also complete this subject:

      • FIN213 Superannuation and Retirement Planning or
      • E152 Superannuation and Retirement Planning
  • Reading list
    • There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room.  Purchase of any text other than a prescribed text is not required.