FIN3CFP Financial Planning

Published : 13-Oct,2021 | Views : 10

Question:

To understand, evaluate and apply a range of advanced financial planning strategies in respect of transition to retirement salary sacrificing and other appropriate pre-retirement strategies To develop analytical and problem-solving skills in providing strategies designed to satisfy the needs of a client.

To develop skills in understanding and interpreting client needs and requirements.To prepare a structured, informative and professionally presented Statement of Advice according to industry standards.

Answer:

Statement showing Accumulation and income in Superannuation Account
Year	Hesta Industry Super Fund	CT Personal Superannuation Fund	Return
2017	$72,000.00	$48,000.00	$6,912.00
2018	$73,900.00	$49,900.00	$7,121.00
2019	$75,100.00	$51,100.00	$7,253.00
2020	$76,220.00	$52,220.00	$7,376.20
2021	$76,220.00	$52,220.00	$7,376.20
2022	$1,61,440.00	$1,37,440.00	$16,750.40
2023	$1,61,440.00	$1,37,440.00	$16,750.40
2024	$1,63,440.00	$1,39,440.00	$16,970.40
2025	$1,63,440.00	$1,39,440.00	$16,970.40
2026	$1,72,940.00	$1,48,940.00	$18,015.40
2027	$2,48,660.00	$2,24,660.00	$26,344.60
2028	$2,64,911.40	$2,40,911.40	$28,132.25
2029	$2,66,425.80	$2,42,425.80	$28,298.84
2030	$2,84,191.60	$2,60,191.60	$30,253.08