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personal injury Compensation

  • 25-10-2009 5:50pm
    #1
    squeky
    Registered Users, Registered Users 2 Posts: 243 ✭✭


    hi,

    Im just curious if i was to put my personal injury compensation into the bank, the interest i make of it from the bank, would it be classed as an "earning" and if it was would i lose my medical card and my disability Allowance please, thank you


Comments

  • #2
    WeeBushy
    Registered Users, Registered Users 2 Posts: 3,572 ✭✭✭WeeBushy


    squeky wrote: »
    hi,

    Im just curious if i was to put my personal injury compensation into the bank, the interest i make of it from the bank, would it be classed as an "earning" and if it was would i lose my medical card and my disability Allowance please, thank you

    I wouldn't be an expert, but I don't think interest is classified as an earning. Beside, unless your compensation is huge the interest would be pretty meagre. If it is huge then losing the allowances financially wouldn't be a massive strain, no?


  • #3
    JD24
    Registered Users, Registered Users 2 Posts: 220 ✭✭JD24


    squeky wrote: »
    Im just curious if i was to put my personal injury compensation into the bank, the interest i make of it from the bank, would it be classed as an "earning" and if it was would i lose my medical card and my disability Allowance please, thank you

    I dont think so but you do have to inform Social Welfare of your compensation as that can affect your level of allowance and / or medical card.


  • #4
    squeky
    Registered Users, Registered Users 2 Posts: 243 ✭✭squeky


    jd24,

    social Welfare asked me to get my solicitor to sign a form to say that they will get there money back when i get my compensation, meaning all i received of them in disability allowance since the RTA so they will get that, but when i come to re-new my medical card and i tell them what i have cash wise, could they stop my medical card as that would be a massive thing for me to loose as my medical bills are huge!!


  • #5
    squeky
    Registered Users, Registered Users 2 Posts: 243 ✭✭squeky


    WeeBushy wrote: »
    I wouldn't be an expert, but I don't think interest is classified as an earning. Beside, unless your compensation is huge the interest would be pretty meagre. If it is huge then losing the allowances financially wouldn't be a massive strain, no?



    Weebusy, please dont take me up wrong here but i cannot work fulltime ever again with my disability due to the accident and i will have to live off my compensation for the rest of my life and im 29 now!! so the disability Allowance would help me in a small way as if i loose my DA and my medical card then my compensation wont last very long with my medical bills i would have to pay, how would i survive then!


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