I am asking this on behalf of someone else so sorry if details are a little foggy. If you need any more information please let me know. Teacher who is due to retire in 5 years but have made AVC (Fund = 50,000) payments so that if they retire this year they will receive almost the full pension. He is trying to work out with the threat of taxation on the lump sum if retiring this year would be best. Can you please tell me how if his full Pension of around 34,000 is taxed and what his take home pay would be. He is married with no dependent children, is the sole income and is 59 years of age. Could someone please give me a break down of taxation and how much his take home pay would work out at here ?