hidamages are not taxable, but income from them is.
hiDamage awards from the courts are not subject to income tax or PRSI.
hiIs this Revenue booklet of any use?
[broken link removed]
Additional means could impact means tested welfare and other payments but Disability Benefit (as opposed to similar Allowances) is PRSI linked and not means tested and your medical card may or may not be means tested depending on how you qualify for it.
If in doubt get independent, professional advice. Check on the SW website and/or Ask your local for advice on you statutory entitlements and how any compensation payment may impact them.
Did you ask the people in the office? They're there to help you!i didnt see anything in the citizens info centre that would answer my question..
thank youYep, it will be treated the same as savings for means purposes, but as Clebman says, the reason for issue of the medical card will aslo be a factor in losing it or not (i.e medical needs)
thanks for your helpThe medical card income guidelines do not specifically deal with compensation payments. I would imagine (but I may be wrong on this) that the compensation payment would probably be assessed in the same way as savings:
Capital Weekly means assessed
First 20,000 euro, Nil
Next 10,000 euro, 1 euro per 1,000 euro
Next 10,000 euro, 2 euro per 1,000 euro
Balance (e.g. capital in excess of 40,000) 4 euro per 1,000 euro
The easiest way to sort this out once and for all, is to ring the Medical Card Section of your Local Health Office. You don't have to give your name, just say you are making a general inquiry.
no i wasnt in the office i went online but will pop in thank youDid you ask the people in the office? They're there to help you!