George is 60 and works full time for a salary of $100,000 plus super. He has $500,000 in his super account, made up of $350,000 taxable component and $150,000 of tax-free component.

If George was to salary sacrifice up to the $27,500 Concessional Contribution cap, calculate the following for him:

a) how much does George need to draw Transition to Retirement (TTR) pension to maintain the same take-home pay?

b) what is the change in net tax payable by george?