Katarina, 55, has a lump sum superannuation interest with a value of $420,000. The interest includes a tax-free component of $84,000 and a taxable component (taxed element) of $336,000. On the breakdown of her marriage, there will be a 50/50 payment split with her spouse Ezekiel. Ezekiel is aged 58, is permanently retired and wants to cash in his entitlement.

Required: 

a) Calculate Ezekiel’s superannuation interest and show the amounts of the tax components. (3 marks) 

b) Calculate how much tax Ezekiel will pay on fully cashing his share of the superannuation. (3 marks) 

c) Explain how you might guide Ezekiel to ensure he is financially prepared, post-divorce. (4 marks)