David Sweet, 56 Years of Age, Has Recently Visited Your

David Sweet, 56 years of age, has recently visited your office for advice regarding undertaking a recontribution strategy with his accumulated superannuation retirement funds of $650,000 (allocated as 25% tax-free component and 75% taxable component). Given that he has satisfied a condition of release but is on the highest individual marginal tax rate, he is seeking your assistance for the 2014 financial year to maximise a lump-sum withdrawal from his accumulated retirement funds that will not be taxable and then recontributing this amount as a non-concessional superannuation contribution. Outline how assistance could be provided to David in order to meet his objective and state the percentages forming the tax-free and taxable components of his accumulated superannuation retirement funds of $650,000 after the process has been undertaken. Briefly comment on this outcome.