I'm an Australian citizen currently residing overseas. The trustees of my Super have awarded me total permanent disability and I have withdrawn the lump sum. The tax-free element on my statement is $6436 and I've been taxed on the remainder. I was expecting the tax-free element to be around 18k or uplifted even higher. I have had no other income in Australia this tax year.
I'm hoping somebody in the community can help explain what is going on.
Many thanks
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295 views
1 replies