Published: 5 Jun 2024
As of September 2023, Australians had an astounding $3,541 billion in superannuation across more than 20 million accounts, according to data from The Association of Superannuation Funds of Australia (ASFA). Australia's superannuation industry is the third-largest private pension fund market globally, a testament to its significance in the financial landscape. As this sector continues to flourish, the demand for proficient and skilled tax advisers who specialise in superannuation is on the rise.
The Advanced Superannuation subject offered by The Tax Institute Higher Education is a crucial stepping stone for tax professionals aiming to deepen their understanding and navigate the intricacies of the significant Australian superannuation landscape. If this sounds like something you’re interested in, read on for details of the subject and some real-world applications.
The advanced subject, integrated into the Graduate Diploma of Applied Tax Law and the Graduate Certificate in Applied Tax Advisory programs, provides 120 hours of structured CPD. Delivered through distance learning, participants engage with an online platform supported by pre-recorded webinars and personalised email support from a Convenor who is an expert in the field to maximise the success of candidates.
Renae Wilson, Technical Services Supervisor at Politis Investment Strategies in NSW, attests to the course's impact on her role as a financial planner. The Advanced Superannuation subject deepened her knowledge and provided new insights into areas such as death benefits, enriching her ability to assist clients in navigating the complexities of superannuation.
Natalie Metcalfe, Senior Analyst, Tax & Legal at Deloitte, selected Advanced Superannuation as an elective in her Graduate Diploma in Applied Tax Law. She found that the subject cemented her knowledge in superannuation as it covered topics including contributions, taxation of superannuation funds, exempt current pension income, investment provisions, pre-retirement and retirement, and benefits on death.
Assessment in the form of module quizzes, a letter of advice, and a final exam ensures participants can practically apply their knowledge. Prerequisites include an Australian Degree or Diploma, the CTA1 Foundations, CTA2A Advanced, and CTA2B Advanced subjects (or equivalent), and 12 months of relevant Australian tax or tax law experience.
Advanced Superannuation not only meets the rising demand for skilled professionals in Australia's superannuation sector, but also serves as a transformative experience for those seeking to excel in their roles. With its robust curriculum including use of case studies and real-world application, the subject is a cornerstone for tax professionals navigating the intricate Australian superannuation landscape. As the industry continues to evolve, the subject equips professionals not just with knowledge, but with the practical insights and strategic thinking needed to assist clients and to propel their careers forward.
Interested in studying with The Tax Institute Higher Education? Learn more here.