Australia diploma financial planning

Assignment Help Finance Basics
Reference no: EM132623277

Australia Diploma Financial Planning

Case Study: Superannuation

Mikaela is 59 years old and has permanently retired from the workforce. She has come to your office to seek advice in regards to her superannuation. Mikaela has $350,000 in her superannuation accumulation fund which comprises $70,000 as a tax free component and $280,000 as a taxable component (from a taxed source). Mikaela is planning to go on an extended overseas holiday with her daughter and would like to spend a year in Paris. She has a few questions she wants you to clarify.

Provide a clear explanation to Mikaela for each of the following.

  1. How much of the total $350,000 can Mikaela access as a lump sum withdrawal from her superannuation accumulation fund, without having to pay any tax at all on that withdrawal? Show your calculations.

Reference no: EM132623277

Questions Cloud

Why is effective and frequent communication so critical : Why is effective and frequent communication so critical to a successful change effort? Describe either a good or a bad example of this from your organization.
Expected return from the share according to the capm : What is the expected return from the share according to the CAPM?
What is the economic order quantity of printers for xyz : XYZ LTD is a company based in Cape Town. XYZ imports printers from China and sells it to local corporate clients. Delivery normally takes 3 weeks. XYZ sells 543
Essence of project management is risk management : The essence of project management is risk management." What does it mean in terms of completing a project successfully?
Australia diploma financial planning : How much of the total $350,000 can Mikaela access as a lump sum withdrawal from her superannuation accumulation fund, without having
Why are cash flows rather than profit flows used for irr : Why are cash flows rather than profit flows used for IRR, NPV and PP?
Firm times interest earned ratio : Orono Ltd.'s sales last year were R435,000, its operating costs were R362,500, and its interest charges were R12,500. What was the firm's times interest earned
Describe the test of control for cash receipts and sales : 1) Explain and describe the test of control for cash receipts and sales.
Calculate gain or loss on the disposal at end of third year : Alexander Company purchased a piece of equipment for $12,000, Calculate the gain or loss on the disposal at the end of the third year.

Reviews

Write a Review

Finance Basics Questions & Answers

  Determine the past growth rate earnings

Calculate the past growth rate earnings. (Hint: this is a 5 year growth period. and Evaluate the next expected dividend per share,  D1 [D0=0.4($6.50) =$2.60]. Assume that the past growth rate will continue.

  Two-stage dividend discount model

The first step in using the Two-Stage DDM is to estimate a first-stage growth rate in dividends, g1, and the period that you expect the g1 level of growth

  Agreement to purchase all of the outstanding shares

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $50 per share. The number of outstanding shares at the time of the announcement was 82 million.

  Key elements in organizational structure

There are six key elements to consider when discussing organization structure considerations which are:

  What interpretation can give to estimated slope coefficient

What interpretation can you give to the estimated slope coefficient? If the slope coefficient is negative, is it true that the forward premium is predicting the wrong sign for the rate of appreciation?

  Describe what is a conventional mortgage

Briefly describe what is a conventional mortgage compared to non-conventional and what a person would have to do if they could not come up with the minimum

  Calculate the profit or loss on bags

University Catering sells 50-pound bags of popcorn to university dormitories for $10 a bag. The fixed costs of this operation are $80,000, while variable costs of the popcorn are $.10 per pound.

  How much cash must peterson pay to retire the bonds payable

Retiring bonds payable before maturity On January 1, 2016, Peterson issued $150,000 of 9%, five-year bonds payable at 103.

  What is the portfolio value when the option expires

The Dow is currently at 10,100. How many options should she use? Long or short? How much will this cost? If the portfolio is perfectly correlated with the Dow, what is the portfolio value when the option expires, including the premium paid?

  Calculate the total number of copies

Problem 1: Your finance text book sold 53,250 copies in its first year. The publishing company expects the sales to grow at a rate of 20 percent for the next three years, and by 10 percent in the fourth year. Calculate the total number of copies t..

  Price of the put with the same strike and expiration date

Use put-call parity to compute the price of the put with the same strike and expiration date.

  What is the bank reserve position

A bank has $20,000 in reserves, $90,000 in bank loans, and $150,000 of deposits. If the reserve requirement is 10 percent, what is the bank's reserve position?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd