Map tax-free and taxable components of a super lump-sum or pension
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Build a tax-free and taxable component table under Divs 301–307 ITAA 1997 and a PAYG withholding checklist from the member record and the rates supplied.
- What the lawyer must review
- Confirm the low-rate cap ($260,000 for 2025-26 and from 1 July 2026) and the untaxed plan cap
- Use ATO Schedule 12 rates for the payment year
- Check age against preservation age and 60
- Check taxed v untaxed fund
- Use actual fund records for components
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes identifying points for review. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.