question archive Regarding Inder's Termination payment & Superannuation Inder currently has superannuation valued at $582,000 with the Suncorp (complying Super Fund)
Regarding Inder's Termination payment & Superannuation Inder currently has superannuation valued at $582,000 with the Suncorp (complying Super Fund)
Subject:SociologyPrice: Bought3
Regarding Inder's Termination payment & Superannuation
Inder currently has superannuation valued at $582,000 with the Suncorp (complying Super Fund).
The total amount includes the following elements;
Tax free component $25,000
Element untaxed in the fund $207,000
Element taxed in the fund $350,000
Required
Advise him what would be the tax consequences of withdrawing his super prior to his retirement age, including all options available for him.
