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In this activity students learn that budgeting is an important financial planning tool. They learn the steps involved in developing a budget and practise by developing their own budget, and/or a budget for a hypothetical scenario.  In relation to the taxation system, this learning provides a foundation for students to understand how taxpayers’ money in spent in the annual federal Budget.   

Being informed when choosing a superannuation fund can significantly impact retirement outcomes. Students explore factors that affect this decision and the difference the rate of investment returns can have on these outcomes. They compare and select a super fund and complete a superannuation standard choice form.

In this activity, students consider the impact of expected and unexpected events on their financial security. They explore how these challenges affect their long-term plans, such as retirement outcomes and what they might do to minimise these effects.

In this activity, students learn about the different investment superannuation investment options they can choose and the risks and rewards associated with each. They work collaboratively to analyse the situation of 2 clients and provide advice on investment options they should choose at different life stages to balance risk and reward and maximise their retirement outcomes.

Students may have to choose a super fund when they are over 18 years of age, or even sooner if they work for more than 30 hours a week. This can be a difficult decision, with so many options to choose from. This activity enables students to understand that such a choice can have short- and long-term consequences for themselves, the environment and society.

Being uninformed about your financial rights and responsibilities can be costly. In this activity, students learn about the costs of accessing super early and the risk posed by scammers, They also consider what factors influence financial decisions and the consequences of these decisions.

In this activity, students explore the importance of Australia’s superannuation system. They collaboratively create a persuasive text promoting the benefits of superannuation and provide an individual explanation of how the superannuation system supports human and financial wellbeing in retirement and the government’s ability to maintain a welfare system for the common good.

In this activity, students develop an understanding of the need to manage their superannuation throughout their working life and the potential financial costs of not doing so, particularly in relation to having multiple super accounts and keeping track of their super. They learn that they can check and manage their superannuation accounts by setting up a myGov account.