Correct me if I'm wrong but if you are in pension mode you would need to pay the discounted CGT on the excess $150 000 (10% or $15 000) and roll this back into an accumulation fund where it would be taxed at 15% on future earnings. If you are in transition to retirement then now you would be charged the discounted CGT on the whole lot ie a whole 10% or $175 000. Never would I describe someone in either scenario as "stuffed".
