Choosing a single payment or regular payments

When you get compensation, you can choose to get all the money at once as 1 payment or as regular, smaller payments over time.

If you choose a single payment for the compensation you are owed as an affected person, you will get all your compensation at once. It may be helpful if you need to make large purchases, pay off debts or invest the money. But no further payments will follow, so it will be important to manage the money carefully.

If you choose regular payments, you will receive smaller payments over 5, 10 or 25 years. This might be a good option if you would prefer to have a regular income. These payments will increase in line with inflation.

If an affected person dies after accepting a compensation offer but before receiving all of it, their estate will get the remaining amount as a single lump sum payment. If they die after applying but before receiving a compensation offer, their estate won’t be able to continue the application or accept any offer made as a result of the pending application.

You won’t have to pay tax on your compensation and it won’t affect your benefits.