Income Component	Payment Date Age	Amount Subject to Tax	Tax Rate Including Medicare
Lump Sum - Taxable Component - Taxed Element	Under preservation age	Whole Amount	21.5%
	At or above preservation age and under 60	To low cap amount	Nil
		Above low cap amount	16.5%
	Age 60 and above	Whole amount	Nil
Lump Sum - Taxable Component - Interest Element	Under preservation age	To untaxed plan cap	31.5%
		Above untaxed plan cap	46.5%
	At or above preservation age and under age 60	To low cap amount	16.5%
		Above low cap amount up to untaxed plan cap	31.5%
		Above untaxed plan cap	46.5%
	Age 60 and above	To untaxed plan cap	16.5%
		Above untaxed plan cap	46.5%

Where:

Year	Low Cap Amount	Untaxed Plan Cap
2007/8	$140,000	$1 m
2008/9	$145,000	$1.045 m
2009/10	$150,000	$1.1m

There is no tax on superannuation lump sum benefits of less than $200.

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