Problem
Karl has recently passed away and had completed a valid binding death benefit nomination that split his superannuation balance evenly between his wife, Nina and their child Rachelle. Rachelle is aged 25 and is considered financially independent from Karl. Karl's superannuation balance at the date of his death was $250,000 of which 10% was a tax-free component.
Based on this information, calculate the tax payable by Nina and Rachelle in the event they were each to receive a lump sum superannuation death benefit of $125,000. Please input your final answer (no workings) in the space indicated below. Write your answers in whole dollars in the following format e.g. if your answer is $1,000 please write this as 1,000
• What could be the Tax payable by Nina ?
• What could be the Tax payable by Rachelle?