Joshua has just retired at 56 and has a balance in his superannuation fund of $800,000 which consists of a taxable compo

[answerhappygod]

Joshua has just retired at 56 and has a balance in his
superannuation fund of $800,000 which consists of a taxable
component of $600,000 and a tax-free component of $200,000. He has
a partner Lisa who is 54 years old and will retire when she turns
56. She has $200,000 in superannuation which is made up wholly of a
taxable component.
Joshua has come to you for advice on the most tax-effective way
of structuring his superannuation. He and Lisa require about
$60,000 after tax to live their modest lifestyle. Currently, Lisa
earns $30,000 as a part-time teacher. The assets they have consist
of a house which is not mortgaged, their superannuation and savings
of about $20,000.
Provide your advice on how Joshua’s superannuation can
supplement their income and provide a strategy which will provide
the most tax-effective income for them both.