This subject provides an understanding of the key issues, decisions and frameworks that affect financial planning for retirement. The subject focuses on superannuation and effective financing of retirement. It includes key concepts in prudential supervision of Australian superannuation, exploration of types of funds relevant to retirement, appreciating trends in retirement financing policies and their effects on providing advice, understanding the social security and age care systems' effect on retirement planning strategies; and correctly computing tax liabilities on superannuation, pensions, and estate management. This subject is the principal one for learning about self- managed superannuation funds, for whom they are suitable and for whom they are not.