If you have received or are about to receive a personal injury settlement, one of the first questions you may ask is: Do I have to pay tax on my personal injury settlement? The short answer is no, but…
If your TPD claim is unreasonably taking longer than 6 months, you can request that the super fund/insurer pays penalty interest from this date until they finalise your claim.
Settling a personal injury compensation claim can feel like a huge sense of relief and closure. However, reaching settlement is only one part of the process. Practically, there are several important steps that happen after settlement and before you receive your compensation payout.
Many people assume that once they reach retirement age, they are not able to lodge a WorkCover claim if injured at work or that their rights and entitlements under the WorkCover legislation automatically stop. This is not correct. In Victoria, you still have an entitlement to WorkCover benefits past retirement age.