Jan is aged 45 and wants to know about funding for her superannuation when she plans to retire at age 60. At the moment, Jan is single but has some prospects. She currently earns about $120,000 per annum and her employer will let her salary sacrifice to superannuation.
As Jan's financial adviser, the first thing you need to do is calculate the amount she will need at retirement. Pat's current tax rate is 37% excluding the Medicare Levy (2%) and you expect that she could earn 6.5% gross in the long term on any investments, whether they are in superannuation or invested in her name.
List 6 questions you will should ask Jan in relation to her request
List 6 factors that should be discussed with Jan regarding your advice
Calculate the estimated amount Jan will require for retirement
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