Superannuation advanced
Issued by
The Tax Institute
The earner has demonstrated an understanding of advanced concepts and consequences of the superannuation regime in Australia. Earners have covered the detailed rules for the treatment of superannuation contributions, identified when a superannuation fund is in the retirement phase, considered the significance of the transfer balance cap (including breaches), rates of tax applying to the income of a superannuation fund, and how how benefits from superannuation funds may be subject to tax.
- Type Learning
- Level Advanced
- Time Hours
- Cost Paid
Skills
Earning Criteria
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Describe the detailed rules for the treatment of superannuation contributions in various circumstances.
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Identify and describe when a superannuation fund is in the retirement phase and explain the significance of the transfer balance cap and the consequences for breaching it.
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Explain the concept of total superannuation balance and its importance in the superannuation system.
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Explain when and how a superannuation fund is subject to income tax in Australia, and what rates of tax apply to the income of a superannuation fund in different circumstances.
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Identify and calculate how benefits from superannuation funds are subject to taxation in various situations.
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Successful completion of an online, multiple-choice assessment comprising 20 multiple-choice questions within 60 minutes.