Lisa is 59 years old and has permanently retired from workforce. She has come to your office to seek advice in regard to her superannuation. Lisa has $350,000 in her superannuation accumulation fund which comprises $70,000 as a tax-free component and $280,000 as a taxable component (from a taxed source). Lisa is planning to go on an extended overseas holiday with her daughter and would like to spend a year in Paris. She has few questions she wants to clarify.

a)How much of the total $350,000 can Lisa access as a lump sum withdrawal from her superannuation accumulation fund, without having to pay any tax at all on that withdrawal?