Appreciate some help/ideas on the following from ARRSE's learned ladies & gents..... I hit 55 next year and my MOD pension is likely to increase by about £5-6k. At the moment about £6k of my combined salary & pension is in the 40% tax bracket. Here's the question....is there any way of avoiding (not evading!) paying 40% tax on the pension increase next year? Any suggestions on stopping Osborne getting his sweaty mitts on my Wonga would be greatly appreciated.