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 single payments
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
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 want to change from regular to single payments
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 person has died after accepting a compensation offer but before receiving the whole amount, the estate will be eligible to apply for the remainder.
How compensation affects your tax and benefits
You can find out how compensation affects the amount of tax you pay.
You can also find out how it affects your benefits.