Funds held in superannuation have different tax components that affect the balance. These components are relevant when accessing funds, such as during retirement, death, or disability. The tax components include tax-free, taxable (taxed), and taxable (untaxed). The tax-free component consists of all after-tax or non-concessional contributions made, while the taxable component is the remainder of the fund. Whether the taxable component is treated as taxed or untaxed depends on