S Starbuck Registered User Messages 171 29 Sep 2012 #1 Quick question - is an award from a Serious Illness Policy taxable?
L LDFerguson Registered User Messages 4,663 29 Sep 2012 #2 If it's a Specified Serious Illness policy paying out a lump sum, such claims are tax-free. Not to be confused with Income Protection, paying an ongoing income which is usually taxable.
If it's a Specified Serious Illness policy paying out a lump sum, such claims are tax-free. Not to be confused with Income Protection, paying an ongoing income which is usually taxable.
S Sumatra Registered User Messages 581 4 Oct 2012 #4 Does it become part of the means test for social welfare?