Anton is 59 years old and he receives a lump sum from his superannuation fund of $240,000. If Anton has not previously used any of his low rate cap amount and if the lump sum payment is paid from a taxed element in the fund, what rate of tax (plus Medicare levy) would Anton pay on this lump sum for the year ended 30 June 2020?

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The Answer of Anton is 59 years old and he receives a lump sum from his superannuation fund of $240,000. If Anton has not previously used any of his low rate cap amount and if the lump sum payment is paid from a taxed element in the fund, what rate of tax (plus Medicare levy) would Anton pay on this lump sum for the year ended 30 June 2020?

Anton Is 59 Years Old and He Receives a Lump