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Personal Injury Compensation Payment

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  • August 23, 2006 at 2:07 pm #22653
    twill
    Participant

    We have a claim from a 60+ who has been awarded £35k from what we think is a personal injury claim. The capital has been deposited in a bank account not a trust fund.
    para 17 (1) of Sch 6 of the HB Pensioner Regs 06 seems to suggest that this is now disregarded in full. Is this correct?

    August 23, 2006 at 2:14 pm #9033
    Anonymous
    Guest

    If it is confirmed that it is a personal injury payment then yes, it is fully disregarded.

    August 23, 2006 at 3:23 pm #9034
    RobBox
    Participant

    I thought this only disregarded any income received from an injury payment, not the capital itself, after reading A21/2005 / SI2005 2894?

    If payment made in one lump sum direct into private account, not sure if any disregard, and take into account as capital in full?

    There again might be totally wrong!

    August 23, 2006 at 3:28 pm #9035
    Anonymous
    Guest

    The schedule quoted by twill is to do with disregarded capital and says that we should disregard:

    [i:70e137e889]An amount equal to the amount of any payment made in consequence of any personal injury to the claimant or, if the claimant has a partner, to the partner[/i:70e137e889]

    ‘Any payment’ would include a lump sum, I think.

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