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Your clients Donna (65) and Darryl (66) have just retired and would like to apply for the Age Pension. Their assets are: Assets Owner Value

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Your clients Donna (65) and Darryl (66) have just retired and would like to apply for the Age Pension. Their assets are: Assets Owner Value ($) Principle Place of Residence Joint 900,000 Home Contents Joint 50,000 Cash - NAB Savings Account Joint 5,000 Managed Funds Darryl 60,000 Superannuateon Donna - Tax Free ($50,000) 250,000 - Taxed in the fund ($200,000) Superannuateon - Tax Free ($350,000) - Taxed in the fund ($80,000) Darryl 450,000 - Untaxed in the fund ($20,000) Car Darryl 25,000 REQUIRED: a. Calculate Donna and Darryl's age pension entitlement

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