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  • Structured settlements

    A structured settlement is the result of an agreement between the parties to a personal injury case. A personal injury case may arise from:

    • medical negligence
    • sporting accidents
    • motor vehicle accidents
    • public liability
    • product liability.

    The parties to the case will generally be you or your legal personal representative (for example a trustee or person with your general power of attorney), the defendant (who is the person or organisation you are seeking compensation from), and in most cases the defendant's insurer.

    A structured settlement will enable you to take all or part of your personal injury compensation in the form of tax exempt or tax-free periodic payments, rather than a single immediate lump sum payment. Once a structured settlement has been arranged, you can't change it or cash it out for a lump sum. The components of a structured settlement are outlined in this document.

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      Last modified: 15 Jun 2020QC 17073