Taxable component (4) The component is so much (if any) of the *taxable *superannuation benefit as is not the free component. *tax 307145 Modification for disability benefits (1) Work out the of the benefit tax free component *superannuation under subsection (2) if the benefit is a lump sum *superannuation and a superannuation benefit. *disability Note: This section does not to an unclaimed money payment. (2) The is the sum of: tax free component (a) the free component of the benefit worked out apart from *tax this section; and (b) the amount worked out under subsection (3). However, the tax free component cannot exceed the amount of the benefit. (3) Work out the amount by applying the following formula: where: is the number of days from the day on which the days to retirement person stopped being capable of being employed to his *gainfully or her retirement day. *last is the number of days in the period for the service days *service lump sum. (4) The balance of the benefit is the taxable *superannuation of the benefit. component 307150 Modification in respect of superannuation lump sum with element untaxed in fund (1) This section applies to a lump sum if: *superannuation (a) it is not a superannuation benefit; or *rollover
Taxable component (4) The *taxable component is so much (if any) of the *superannuation benefit as is not the *tax free component. 307145 Modification for disability benefits (1) Work out the tax free component of the *superannuation benefit under subsection (2) if the benefit is a *superannuation lump sum and a *disability superannuation benefit. Note: This section does not to an unclaimed money payment. (2) The tax free component is the sum of: (a) the *tax free component of the benefit worked out apart from this section; and (b) the amount worked out under subsection (3). However, the tax free component cannot exceed the amount of the benefit. (3) Work out the amount by applying the following formula: where: days to retirement is the number of days from the day on which the person stopped being capable of being *gainfully employed to his or her *last retirement day. service days is the number of days in the *service period for the lump sum. (4) The balance of the *superannuation benefit is the taxable component of the benefit. 307150 Modification in respect of superannuation lump sum with element untaxed in fund (1) This section applies to a *superannuation lump sum if: (a) it is not a *rollover superannuation benefit; or