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, 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 the person has died after accepting a compensation offer but before receiving the whole amount the estate will be eligible to apply for the remainder.

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