When Do I Get My Personal Injury Payment?
Medication, treatment costs, time off work – the costs of an accident quickly add up.
So it is only natural to wonder when you can expect to actually receive your compensation payment. This article sets out some of the factors that influence when payments are processed.
Disclaimer: This guide outlines general topics you should be thinking about if you want to make a personal injury claim. But it is not legal advice. If you need legal advice, you should contact a specialist personal injury claim solicitor for guidance on your specific circumstances.
When Do I Get My Personal Injury Compensation Payment?
You can expect to get your personal injury compensation payment within a few weeks of your claim being settled, or less. Payment is usually made by cheque or bank transfer.
You’re nearly at the end of your personal injury claim journey.
The claim has been decided in your favour. All you have to do now is wait for the payment to arrive into your bank account.
Compensation payments are made shortly after a settlement has been agreed or court proceedings have finished. You’ll receive your payment (usually from your solicitor) by cheque or bank transfer.
Seeing thousands of pounds arrive in your bank account is a great feeling. It gives you a sense of security. You can get on with your life without worrying about the financial impact of your accident.
For many, seeing the payment arrive in their bank account signals the end of a hard-fought battle.
But there are still some loose ends to tidy up. Receiving large sums of money can arouse suspicions with your bank or government authorities. So to avoid any nasty surprises in the future, it makes sense to ensure that your payment is fully compliant with the rules around tax and benefits.
Let’s look at tax first, in the next section.
The above article is part of our guide on how to make a personal injury claim in Northern Ireland.
If you are thinking about making a personal injury claim, you should get in touch with a Northern Ireland personal injury solicitor who will help you assess the strength of your case.
If you have any questions, you are very welcome to get in touch.
All the best,
The Team @ Lightlaw
Every effort is made to keep this guide up to date. Although it is not to be regarded as legal advice, we strive to make sure the information is helpful, accurate and practical. If you are a Northern Ireland personal injury solicitor and have spotted an inaccuracy, you can submit a suggested change.