On 1 July 2021 Mary Adams, aged 55, retired from her job as an engineer with XYZ Ltd. Mary wishes to withdraw her Super fund. The total amount includes the following elements; After-tax voluntary contribution $11,000 Government co-contribution $8,000 Element untaxed in the fund $4,000 Element taxed in the fund $461,000

Required Advise Barbra what would be the tax consequences of withdrawing her super fund during 2020/21, including all options available to her. You must provide relevant cases and legislation.