Home   Life events and personal circumstances   Illness and injury  

Personal injury compensation payments

  1. Overview
  2. How do you qualify for the investment exemption?
  3. What payments do not qualify for investment exemption?
  4. What does the investment exemption cover?
  5. How are social welfare payments treated for investment exemption?
  6. How can you claim the investment exemption?
  7. Other issues with investment exemption

Overview

If you receive a personal injury compensation payment, you may not have to pay tax on it.

Payments you may claim an exemption from tax on include:

If you are unsure if your compensation payment is exempt, please contact us via myEnquiries for further assistance.

Occasionally a personal injury can cause significant mental or physical damage. Where this occurs, you may not have to pay tax on income you receive from investing your compensation.

Next: How do you qualify for the investment exemption?

Published: 05 May 2023 Print this page

Back to homepage Back to top