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    masonj3
    Pension - How Long will it last
    • #1
    • 6th Apr 08, 4:13 PM
    Pension - How Long will it last 6th Apr 08 at 4:13 PM
    Hi

    Im new to the site and a complete pension novice so apologies if this has been covered before.

    My dad is 62 and suffers from ill health and no longer works, He is in receipt of high rate disability benefits and long term incapacity. Prior to becoming ill he was self employed and has a private pension plan which is linked to stocks and shares.

    He is considering taking his pension soon but as expected we have one or two queries.

    If for example his pension plan fund was 100k and he took a 25% lump sum now aged 62 then he would have 75k left in the pension fund and would receive his pension payments from this fund. What Im not sure is if he lives for a very long time, what would happen after the 75k has been paid out??

    Would he then just receive his disability benefit and state pension or do personal pensions pay out until death??

    Hope all of this makes sense and thanks to anyone who may be able to help with this x
    Jem
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