Steve (58) receives a lump sum benefit from his super fund of $400,000. Steve’s fund is made up of 65% taxable component and he has made no previous…

Steve (58) receives a lump sum benefit from his super fund of $400,000. Steve’s fund is made up of 65% taxable component and he has made no previous withdrawals from super. How much tax will Steve pay on his benefit (excluding Medicare levy) this financial year?