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FPE016 Self Managed Superannuation Funds

This subject focuses on the regulation, establishment, operation and management of a Self Managed Superannuation Fund (SMSF). The subject covers issues related to taxation, estate planning, the steps involved in setting up a pension from an SMSF and the different strategies available for specific client situations.

Students will follow a fictitious case study through the assessment, so that they may apply their understanding of the above concepts for specific client situations.

For more information, please refer to the subject outline.

  • Learning outcomes

    • On successful completion of this subject, individuals should be able to:

      1. Determine the role of a financial adviser throughout the lifecycle of an SMSF.
      2. Compare the distinguishing characteristics of an SMSF and a regulated super fund.
      3. Formulate investment strategies which demonstrate integrating knowledge of various investment standards that are unique to the operation of an SMSF.
      4. Evaluate the reasons for providing pensions via an SMSF and the operation of superannuation interests as they apply to SMSFs.
      5. Recommend SMSF fund administration, estate planning and taxation implications.
      6. Judge the suitability of strategies that integrate relevant and ethical advantages of an SMSF.
  • Subject content
    • Topic Title
      Topic 1 Introduction to SMSFs
      Topic 2 SMSF establishment
      Topic 3 Contributions
      Topic 4 Other taxation issues
      Topic 5 Investing and borrowing for SMSFs
      Topic 6 Insurance in superannuation
      Topic 7 Accessing superannuation
      Topic 8 Superannuation and estate planning
      Topic 9 Fund administration

  • CPD

    • Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

  • Duration

    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Pre-requisites

    • There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge

    • Whilst there are no prerequisites for this subject, Kaplan assumes that students have completed
      FPC001B Economic and Legal Context for Financial Planning, FPC002B Ethics and Professionalism in Financial Advice, FPC003 Superannuation and Retirement Advice, FPC004 Insurance Advice, FPC005 Estate and Succession Planning, FPC006 Tax and Commercial Law for Financial Planning, FPC007B Client Engagement Skills, FPC008 Investment Advice, FPC009 Complex Financial Planning, or understand the content covered in those subjects, prior to undertaking FPE016 Self Managed Superannuation Funds.

  • Course transition subject equivalence

    • Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects:

      • there are no equivalences for this subject.
  • Reading list

    • There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.