Determine impact of social security entitlements on retirement income

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSSUP412, 'Determine impact of social security entitlements on retirement income'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Determine impact of social security entitlements on retirement income' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Research eligibility requirements for accessing social security benefits

1.1 Access and interpret reliable sources of current information on social security entitlements and their impact on income in retirement

1.2 Analyse the requirements of an individual’s government aged pension entitlement

1.3 Determine how social security benefits impact on an individual's income in retirement or nearing retirement

1.4 Determine current eligibility requirements for relevant social security benefits and allowances that may apply to individuals and inform individuals that they will need to confirm eligibility with Centrelink

2. Apply means testing rules

2.1 Identify the treatment of income streams in the government’s means testing process and the different treatments, if any, of account based and non-account based income streams

2.2 Apply means testing arrangements to various work activities

2.3 Identify the aged pension threshold rates at which government pensions reduce for the member

2.4 Use income and assets test information to calculate annual income stream amount to be assessed for social security purposes

3. Determine deemed income on retirement benefits

3.1 Identify the appropriate calculation for deemed income

3.2 Provide details on financial investments included and excluded in deemed income and the asset test calculation

3.3 Identify the appropriate deeming rates for an individual

3.4 Seek advice and clarification from appropriate personnel when required


Qualifications and Skillsets

FNSSUP412 appears in the following qualifications:

  • FNS40915 - Certificate IV in Superannuation
  • FNS41815 - Certificate IV in Financial Services

And the skillsets: