Meg Ryan is paid a superannuation lump sum of $80,000 on 30 June 2020. Prior to being paid the benefit, the value of Meg's superannuation interest in the fund is $350,000, made up of $70,000 tax free component and $280,000 taxable component.
Based on this information what part of Meg's lump sum would constitute the taxable component?

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The Answer of Meg Ryan is paid a superannuation lump sum of $80,000 on 30 June 2020. Prior to being paid the benefit, the value of Meg's superannuation interest in the fund is $350,000, made up of $70,000 tax free component and $280,000 taxable component.
Based on this information what part of Meg's lump sum would constitute the taxable component?

Meg Ryan Is Paid a Superannuation Lump Sum of $80,000