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 you decide in future that you want or need to take all of your payments as a lump sum you will be able to request this change.
Request a final lump sum payment
If the affected person died after accepting a compensation offer but before receiving all of it, their estate will receive the remaining amount as a single lump sum payment.
If the affected person died before accepting a compensation offer, their estate can continue the application on their behalf. This is only if the affected person died between 21 May 2024 and 31 March 2031.
If the affected person died before starting their application, the estate can claim on their behalf. This is only if the affected person died between 21 May 2024 and 31 March 2031.
You won’t have to pay tax on your compensation and it won’t affect your benefits.