CFP Certification (Australia) case studies
CFP Certification (Australia) · Put your knowledge to work in context.
The CERTIFIED FINANCIAL PLANNER® (CFP) designation is a professional designation rather than an academic qualification: it is earned through practical experience and ongoing learning, and in Australia it is awarded by the Financial Advice Association Australia (FAAA), the only association licensed to deliver the CFP program here. The FAAA partners with the Financial Planning Standards Board, which owns the CFP marks outside the United States. The CFP Certification (Australia) case studies are 5 cases and about 4,346 words.
1The $620,000 SMSF request and a nephew's townhouse
Margaret, 78, has 620,000 in a retail superannuation account that has been in pension phase for six years; she draws the 4% minimum, about 24,800 a year. Priya, her adviser, works for a licensee owned by the platform that holds Margaret's super.
651 words, about 3 min2Two partners, default cover and no buy-sell agreement
Daniel, 46, and Sarah, 52, are equal partners in a landscaping business with turnover of 3.4 million and net assets of 2.1 million. Both belong to the same industry superannuation fund and rely on its default cover: three units of death cover and two units of TPD, described in the member booklet as payable when the member is unlikely ever again to work in a role 'for which they are reasonably suited by education, training or experience'.
992 words, about 5 min3A tax-free exit from a 62% single-stock holding
Robert, 68, and Anne, 66, are both retired and drawing account-based pensions from their SMSF. The fund holds 1.9 million: 1.18 million of shares in one ASX-listed bank (cost base 180,000), 300,000 in cash and term deposits, and 420,000 in diversified managed funds.
913 words, about 5 min4Salary sacrifice, a home sale and the Division 293 cliff
Kylie, 57, earns 310,000 as a project director and has 1.55 million in superannuation in accumulation phase. Her employer pays 12% superannuation guarantee ( 37,200).
902 words, about 5 min5A blended family, a lapsed nomination and a jointly owned home
Judith, 72, married Brian, 68, eighteen months ago. They are the only members of an SMSF holding 1.35 million: Judith's interest is 880,000 (taxable component 820,000, tax-free component 60,000) and Brian's is 470,000.
888 words, about 4 min