Lump sum for impairment

If an applicable person has received a lump sum paid under the Accident Compensation Act 2001, the asset threshold is increased by the amount of the lump sum payment for 12 months from the date the payment is received.

After 12 months the calculated rate of Income Related Rent must be reviewed and this amount will be included as income from an asset.

For more information see:

• Income from assets
• Asset thresholds and formula to work out assessable income from assets
• Lump sum payment of an independence allowance