Kaplan Professional SMSF Written Assignment: Mark and Lucy Cameron

This document presents a comprehensive solution to a written assignment focused on Self Managed Superannuation Funds (SMSF). The assignment covers various aspects of SMSFs, including the suitability of SMSFs as a long-term retirement plan, SMSF establishment, and ongoing advice. The assignment incorporates a case study involving clients Mark and Lucy Cameron, requiring the analysis of their financial situation, including their business interests, income, assets, and liabilities. The solution includes short answer questions addressing key considerations for SMSF setup and management, and a strategy paper outlining recommendations for the clients. The assignment also assesses the student's understanding of SMSF implementation, compliance, and ongoing advice, referencing relevant legislation and industry best practices. The solution demonstrates a practical application of SMSF principles, including financial planning, investment strategies, and risk management, with a focus on meeting the retirement goals of the clients.