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Jill commenced an account based pension on her 65th birthday (life expectancy 21.62) with $250,000. The initial balance of the pension is made up of

Jill commenced an account based pension on her 65th birthday (life expectancy 21.62) with $250,000. The initial balance of the pension is made up of $75,000 tax free and $175,000 taxable components. She draws down $20,000 per annum. Calculate how much income will be assessable by Centrelink. A. $8,437 B. $20,000 C. $8,094 D. $6,000

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