200899 Retirement and Succession Planning
Task:
Task Requirement
Students are required to read and analyse two (2) case studies for potential clients with respect to Retirement Planning issues.
You are required to produce a Discussion Paper addressing the specific questions that have been raised by the client.
There are two (2) separate case studies and associated questions. You are required to read and address the questions raised for both case studies
Based on the information provided:
1. Determine what (if any) Age pension Bill and Christine will be entitled to receive from Centrelink based on the Assets Test and Income Test current thresholds given their current assets and intentions with their super funds.
2. Discuss recommendations you could make to optimise Bill and Christine’s pension eligibility and any associated consequences of your recommendations.
3. Discuss where Bill and Christine may access lump sum funds from if required and any associated consequences of accessing these funds.
4. Based on the assumption that Bill and Christine will implement any recommendations you provide them, determine what Age pension Bill and Christine will be entitled to receive from Centrelink if they follow your advice.
5. Discuss how each of John and Gwenda’s assets and income sources will be assessed for aged care fee purposes
6. Determine what aged care fees would be payable if John were to enter residential aged care on a respite basis for 3 weeks before returning home.
7. Determine what aged care fees would be payable if John were to enter residential aged care on a permanent basis.
8. Discuss what impact (if any) John’s admission to residential aged care would have on their ongoing Centrelink pension entitlements.
