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William (59) and Emma (58) are considering retiring in the next few years. They have some questions for you since you are their adviser. William is employed as a surveyor and earns a salary of $110,000p.a. +9.5% Superannuation guarantee charge. He has $800,000 in his superannuation account, with $300,000 in the Tax-Free component and $500,000 in the Taxable component. Emma is a self-employed freelance journalist and earns $47,000 p.a. She has not made any contributions to her superannuation account since starting her business 2 years ago. From her previous employment, she has a superannuation account which has $340,000 in it, made up of $275,000 Taxable and $65,000 Tax-Free components. Emma's superannuation account has a binding death nomination, split 80% to William, and 20% to Rick, who is their son and is aged 28. QUESTION 3 William and Emma have heard about a strategy called 'Transition to Retirement (TTR) and they would ke to know more. REQUIRED: Assume William has decided to salary sacrifice $13,000 of his salary to superannuation, in addition to his Superannuation Guarantee contributions. He will draw a TTR pension of $40,000 to supplement the income from his salary. Prepare a table that shows William's position before and after the TTR strategy, includes the Medicare levy. Show your calculations. William (59) and Emma (58) are considering retiring in the next few years. They have some questions for you since you are their adviser. William is employed as a surveyor and earns a salary of $110,000p.a. +9.5% Superannuation guarantee charge. He has $800,000 in his superannuation account, with $300,000 in the Tax-Free component and $500,000 in the Taxable component. Emma is a self-employed freelance journalist and earns $47,000 p.a. She has not made any contributions to her superannuation account since starting her business 2 years ago. From her previous employment, she has a superannuation account which has $340,000 in it, made up of $275,000 Taxable and $65,000 Tax-Free components. Emma's superannuation account has a binding death nomination, split 80% to William, and 20% to Rick, who is their son and is aged 28. QUESTION 3 William and Emma have heard about a strategy called 'Transition to Retirement (TTR) and they would ke to know more. REQUIRED: Assume William has decided to salary sacrifice $13,000 of his salary to superannuation, in addition to his Superannuation Guarantee contributions. He will draw a TTR pension of $40,000 to supplement the income from his salary. Prepare a table that shows William's position before and after the TTR strategy, includes the Medicare levy. Show your calculations

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