Undergraduate RMI-FNP21-2022

Superannuation and Retirement

Obtain a thorough understanding of the way superannuation and retirement planning work.

Uncover the underlying ideological principles that govern superannuation practices. Research retirement planning strategies like investment allocation.

Duration

13 weeks

Study method

100% Online

Available loans

HECS-HELP
FEE-HELP

Assessments

100% online

Prior study

Required

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2022

Subject details

What you'll learn

At the completion of this subject you will be able to:

Compare the different types of superannuation and superannuation funds available in Australia and the benefits to the economy and society.
Assess the regulatory environment in which the superannuation system operates and the impact of the various regulatory bodies on the financial planning industry.
Analyse the various taxes applied to superannuation and compare tax treatments of deposits and withdrawals of funds from superannuation accounts.
Examine the operation of self-managed superannuation funds and the role and obligations of superannuation fund trustees in Australia.
Compare various investment options and strategies appropriate to retirees in the context of broader social and financial issues.
Use financial planning tools to assess clients’ individual retirement plans and address critical issues

Topics covered

- Please refer to RMIT University’s Learning Management System - Canvas, for further details.

Entry requirements

You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:

RMI-FNP11-Personal Wealth Management (No longer available)

Additional requirements

No additional requirements

Description

Please note: This subject was previously known as Superannuation and Retirement Planning.

In this subject you will explore retirement planning with a particular focus on the role of superannuation in Australia. The subject will include a comprehensive study of superannuation funds, funding process, benefit structures, regulatory framework, investment decisions, taxation issues and administration requirements. Also included will be a consideration of the different forms of retirement income planning in the economy and issues, which impact on retirees at different stages of their life.

Assessments

Assessment Task 1 (Linked CLOs: 1, 2) (10%)
Assessment Task 2 (Linked CLOs: 2, 3, 4, 6) (50%)
Assessment Task 3 (Linked CLOs: 1, 2, 3, 5) (40%)

Textbooks