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Jacinta Bailey .57 years of age ,has $ 330,000in superannuation money ( tax-freeof $ 148,500 with the remainder being a taxable [ taxed]amount )that she
Jacinta Bailey .57 years of age ,has $ 330,000in superannuation money ( tax-freeof $ 148,500 with the remainder being a taxable [ taxed]amount )that she has taken to an income-stream provider who has offered her a payment of $ 37,000annually in arrears for the next 15 years with no residual value at this time .Given that Jacinta is on a 32.5% marginal tax rate ,how much tax jacinta is likely to pay each year on the $ 37,000annual income-stream until the time she turns 60 and the amount of tax payable thereafter ?
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