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Read the opinion piece ‘Closing the gap for women’s superannuation’ by Noel Whittaker, then answer the following questions. On average, women’s super-balances are what proportion of men’s? Outline the 5 reasons Whittaker gives for women’s lower superannuation balances.  Explain why women tend to earn less from their super funds.  Whittaker provides an example of how decisions on what super investment options you…

You are in the market for a super fund There are several comparison websites you can use. ASIC provides the following information on using comparison websites: "Super comparison websites can be useful to help you compare super funds, but you shouldn't choose your super fund on the website rating alone. Some super comparison websites include: Canstar Cannex, Chant West, Morningstar, RateCity, SelectingSuper and…

Print one copy for each group of 4 students, cut into individual cards and distribute one set to each group.  Have Children Retire Travel Buy Home Get a TFN Study part-time   Buy a car Join a superannuation scheme Job promotion Start full-time…

You are a qualified financial advisor for a reputable financial planning company. Work in pairs to provide advice to 2 hypothetical clients regarding which super investment options they should choose to reach their retirement goals.ObjectiveYou have 2 clients in unique situations, each seeking superannuation advice.Each partner chooses a different client to develop advice for.Your task is to analyse your client’s circumstances and propose a…

Print one copy for each group of 4 students, cut into individual cards and distribute one set to each group.  Have Children Retire Travel Buy Home Get a TFN Study part-time   Buy a car Join a superannuation scheme Job promotion Start full-time…

Print one copy and cut into individual cards to share among groups.   Have several superannuation funds: Fund 1 - $10,000 Fund 2 - $5,000 Fund 3 - $3,000 Shift from fulltime to part-time employment (2 days per week). Serious illness – unable to work for 2 years. Six years off work to have children. Work overseas for 5 years…

Calculate the impact of your wildcard/s on retirement outcomes and consider how to mitigate these impacts. Assume you are the following person: Age: 28 Income before event: $50,000 Retirement age: 67 years Status: Single Super balance: $30,000 Voluntary super contributions before event - Nil As a group, discuss: the impact of each of your wildcards on your retirement outcomes what this will mean for your lifestyle in…

Play the role of the federal Treasurer. People representing organisations and government departments will try and convince you to fund their initiatives in the forthcoming Budget. The following lists some budget categories in the annual federal Budget. From your point of view, which of these is the most important? Rank the seven categories in order of priority. Table 1: Budget spending categories Spending category in the…