In 2023/24, Trish, aged 59, at preservation age receives a lump sum from a personal superannuation...

 

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In 2023/24, Trish, aged 59, at preservation age receives a lump sum from a personal superannuation fund of $500,000 of which $100,000 is the tax-free component and the remainder the taxable component, taxed element. What tax is payable on the lump sum? In 2023/24, Trish, aged 59, at preservation age receives a lump sum from a personal superannuation fund of $500,000 of which $100,000 is the tax-free component and the remainder the taxable component, taxed element. What tax is payable on the lump sum?

Answer rating: 100% (QA)

In Australia the tax on superannuation lump sums depends on various factors includi... View the full answer