Personal injury compensation payments
If you receive a personal injury compensation payment, you may not have to pay tax on it.
- Personal injury payments made under Section 38 of the Personal Injuries Assessment Board Act 2003
- Personal injury payments arising from a civil action (an out of court settlement or damages awarded by a court)
- Payments from the Criminal Injuries Compensation Tribunal
- Payments from the Hepatitis C and HIV Compensation Tribunal
- A payment from a special trust made for you if you are permanently incapacitated
- Thalidomide compensation payments
- Payments made under Part IVB of the Civil Liability (Amendment) Act 2017
- Payment of up to €200,000 from a former employer from a workplace accident, which made you unable to continue working for that employer
- Magdalen Laundry compensation payments and certain adjoining institutions.
If a workplace accident causes your death, compensation of up to €200,000 may be payable from your former employer. This payment is exempt from tax.
If you are unsure if your compensation payment is exempt, please contact us via myEnquiries for further assistance.
Occasionally a personal injury can cause significant mental or physical damage. Where this occurs, you may not have to pay tax on income you receive from investing your compensation.