Van, who is 59, was born on 1 July 1956. He has $1,100,000 in his superannuation fund, consisting of $300,000 in non-con
Posted: Mon May 30, 2022 8:29 am
Van, who is 59, was born on 1 July 1956. He has $1,100,000 in
his superannuation fund, consisting of $300,000 in non-concessional
contributions. He has decided it is about time to begin receiving
his superannuation benefits and wants to take a lump sum to pay off
his mortgage, buy a new car and pay some debts. The amount he needs
is about $430,000. Whatever remains in superannuation after payment
of the lump sum he would like to commence an income stream.
Advise Van on how he could receive his superannuation benefits
in the most tax-effective way.
his superannuation fund, consisting of $300,000 in non-concessional
contributions. He has decided it is about time to begin receiving
his superannuation benefits and wants to take a lump sum to pay off
his mortgage, buy a new car and pay some debts. The amount he needs
is about $430,000. Whatever remains in superannuation after payment
of the lump sum he would like to commence an income stream.
Advise Van on how he could receive his superannuation benefits
in the most tax-effective way.