So if receiving 65k / month as per min retirement requirements thats 12 x 65 = 780k less 250k allowance = 530k taxable,, so 0-150k zero, 150-300k @ 5% = 7.5k and the remainder 230k @ 10% so a total of 30.5k tax to be paid.
Just doing the math apologiies if this was done before.