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Lucy (58 years old) also currently has superannuation valued at $662,000 with the Suncorp (complying...

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Accounting

Lucy (58 years old) also currently has superannuation valued at $662,000 with the Suncorp (complying Super fund). The total amount includes the following elements; Tax free component $105,000 Element untaxed in the fund $10,000 Element taxed in the fund $550,000

Required Advise Lucy what would be the tax consequences of withdrawing her super during 2019/20, including all options available to her. You must provide relevant cases and legislation

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