Try our fast, free TPD compensation payout checker below. These are some common damages in personal injury cases. The insurer will advise you within 14 days * if your claim form was lodged correctly and whether the insurer will pay for the reasonable and appropriate rehabilitation. PTSD Due to a Motor Vehicle Accident. Injuries affect us physically, mentally and emotionally. If your claim is successful, the amount of compensation you’re entitled to will depend on a number of factors. In that circumstance, Centrelink will then go. Check your rights to injury compensation after a ride share accident. This is the case across all personal injury claims, from compensation payouts for car accidents to compensation for injury at work claims. The average compensation payment for extreme injuries was $1,952,602. There is no limit on pain and suffering damages payable under a. Example settlement payouts for your the same injuries you suffered. Try our fast, free TPD compensation payout. 1. But unfortunately, many people risk missing out because they fail to claim everything they. g. Workers who suffer from work-related psychological injuries can secure substantial workers’ compensation and damages payouts, if they succeed. Following a change of leadership at work, a job Karen had enjoyed for 15 years soon became unenjoyable when bullying and isolation started to happen. For advice with respect to a workers’ compensation or CTP death claim, contact us on (07) 3067 3025. g. Injury and Rehabilitation, Medical Negligence, Motor Vehicle Accident, Public Liability, TPD / Superannuation, Workers Compensation. Select how severe the injury is. 41(B). The insurer’s decision on “threshold injury” is now due nine (9) months after the claim is lodged, not the current three (3) months. Be sure to let your doctor know that you injured yourself at work. Personal Injury Claims Guide. The specifics of your injury or illness. To claim compensation for injuries sustained in a motor vehicle accident, start by completing an Application for Personal Injury Benefits form. That’s $97,760 paid out for every new claim reported. However, the calculation isn’t that simple. The final amount is based on numerous factors, including: Whether it is a car accident, workplace accident or an injury sustained in a public place. If you’ve been involved in a traffic accident, you must give the police any information that will help identify: the vehicle’s owner. Calculating CTP compensation for all types of Road Accidents. If your injuries have been assessed as above threshold and you weren’t mostly at fault in the accident, you can make a lump sum claim for past and future loss of income. Office Hours: Monday to Friday 8:30 am to 5:00 pm. A finger injury claim in Queensland can payout anywhere from $5,000-$1,000,000. ABOUT THE ALBERTA MOTOR VEHICLE ACCIDENT. 0% – 10%. General damages are financial compensation for your reduced enjoyment of life or the inability to do the activities you could before the accident. 11. $2,378,100. 57 billion was paid out in benefits and lump sums. To use the calculator, simply follow these steps: Select where your injury took place. Report the incident to the police. Compensation for severe injuries with permanent impairment. The police can also ask for information about any vehicle. TPD lawyers Brisbane, Gold Coast & Australia. Motor Vehicle Accident Compensation Payouts NSW June 7, 2023 According to the State Insurance Regulatory Authority (SIRA), ≅10,000 motor vehicle accident compensation claims are made in NSW per year. your age and occupation Every compensation claim is unique. Motor vehicle accidents include car, motorcycle, truck, forklift and pedestrian accidents. You can get a Free Claim Review by Phone 1800 700 125 or – Email Us your details or book a free appointment. Common symptoms of spinal damage include chronic pain and paralysis, repetitive strain, bulging disc spinal injuries, whiplash spinal injuries, and more. Cycling accident. Accidents in Queensland. The payouts in the NSW in 2022 amounted to 9,408 claims and $865 million total, paid out in lump sums. qld. What is the average compensation payout for motor vehicle injuries? The average claim figures provided by the Motor Accident Insurance Commission is. CTP Claims – Motor Vehicle Accident Compensation Payouts in NSW. The Nominal Defendant determines liability for and manages claims by injured persons where the ‘at fault’ vehicle is uninsured or unidentified. In WA however it is different and we recommend you contact our Western Australia car accident lawyers for free advice on. But you can get free legal advice by calling 13 15 15 and speaking to one of our specialist workers compensation. LHD lawyers secured the client a Motor Vehicle Accident payout of $200,000. Act. Contact our Compensation Claims Consultants today and be guided towards the compensation you’re entitled to. If you share some or all of the responsibility of a motor vehicle. Firstly, obtain a certificate of capacity/fitness from your doctor/GP. Starting the claims process can seem like a big step but with our support, we can get you the compensation you deserve. FIND OUT MORE. 3. Calculating CTP compensation for all types of Road Accidents. To get an accurate assessment of your compensation entitlements, you’ll need to speak to a specialist CTP lawyer who will take time to get to know you and the details of your injuries. The NIISQ levy was $90. driver of vehicle) breached the duty of care they owed to the Plaintiff and consequently as a result of the breach, the Plaintiff suffered loss, injury and damage. Private Property Accident. While we can’t give you an estimate of the whiplash compensation you may be due at this stage, you can use. FIND OUT MORE. – A lawyer is handling your claim: 1 month. He was totally aware of what he would be entitled to in relation to his workers compensation claim and totally unaware of what was to unfold for him. 0-20% – wages benefits capped at 5 years. 07 3210 3474. If the insurer makes a decision which affects your ongoing entitlements to statutory benefits. If your impairment is less than 20% you have to choose between accepting the lump sum offer or rejecting it and seeking common law damages. 1. Car accidents, whether you’re involved or witness them, can be highly traumatic and may cause you to develop post traumatic stress disorder due to the trauma of what has happened to you or what you have witnessed. When a person is injured by the actions of a drunk driver a number of civil and criminal legal issues arise. As a quick example, the average compensation payment for some serious injuries was $352,396 during 2017. We are so sure of our abilities to win your case that we stand firmly by our No Win No Fee Policy. Whiplash is one of the most common injuries sustained through vehicle accidents. Claim from their own comprehensive insurer; Pay for the costs of any repairs to fix the damage; Claim the costs of any repairs from the other party at fault. Call 1800 700 125 or complete our free and fast online claim check. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Skip to content. 4. 40, s. Non-economic losses: $1,125 ($750 x 1. Accredited, licensed & servicing all of. A professional pianist, for instance, is likely to suffer a greater loss of income from losing his. No win no fee since 1983. The average jury verdict in these cases is $30,000. We are so sure of our abilities to win your case that we stand firmly by our No Win No Fee Policy. 7 October 2022 by Roche Legal. Medical negligence. Skip to content. The other driver collided into the rear of our client’s vehicle, who was standing on the road in front of his car at the time. Working onsite at a mine, Lance had an accident that snapped his patella in half. Case: Ford v Nominal Defendant [2022] QSC 179 The circumstances of the accident were that a truck and. According to SIRA figures for NSW, the typical whiplash compensation settlement is estimated to be between $10,000 and $20,000. Motor Vehicle Accident. TPD claim lawyers Brisbane,Gold Coast & Australia wide. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Make a Workers Compensation claim today. One month of your discussion with a personal injury lawyer about making a claim. Workers Compensation Payout Case Studies. You may also find our personal injury compensation case studies useful. Try our fast, free TPD compensation payout checker below. Civil Liability Regulation 2014 (Qld) (CLR): Generally covers all other forms of personal injuries,. $1,583,200 for a critical injury The average claim figures provided by the Motor Accident Insurance Commission is $104,979. Springfield. According to Safe Work Australia’s Mental Disorders Report, the average compensation payout for psychological injuries is $23,600. How to use our compensation estimator. It. Compensation payouts for motor vehicle. It can be complex to seek compensation for a slip or fall public liability injury. Prefer to speak to someone? Call our solicitors for free on 1800 106 107. Under WCRR, however, the maximum compensation payout as of 1 July 2022 is $400,655, while the maximum payout under CLR — as of the same period — is. As an example, let’s look at the 7,623 motor vehicle accident claims in Queensland that were finalised in the 2017 financial year:. TPD Insurance Claims Accepted %. According to SIRA (the State Insurance Regulatory Authority), in the 12 months to October 2023, there were 12,269 motor accident injury claims reported in NSW and $1. PTSD Due to a Motor Vehicle Accident. Most people will suffer some degree of whiplash in the event of a car accident. Here’s a simplified, step-by-step guide on how to go about it: Step 1: Documentation and Evidence Collection. Compensation amounts for injuries are calculated differently in each state. QLD workplace bullying compensation payouts for psychological injury range between $ 100,000 and $ 200,000 depending on severity. According to the Insurance Information Institute (III. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Looking for a law firm in Sydney, New South Wales? Our expert lawyers at LHD specialise in personal injury compensation law, operating on a No Win No Fee basis. and a PhD from The University of Queensland. Evidence of any treatment you’ve received, including receipts and reports. Try our fast, free TPD compensation payout checker below. When to report. At Gouldson Legal our Car Accident Lawyers are experts in QLD accident compensation claims. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Changes to workers compensation legislation affecting injured workers in 2017 & 2018. 07 3210 3433. lost wages (past economic loss); 3. The table below shows the workers compensation permanent impairment payouts that are calculated using the whole person impairment rates. A total of somewhere around $650,000,000 is paid out to claimants each year which suggests the average payout for a motor vehicle accident personal injury claim may be around $92,857 – $112,369. In Queensland, compensation lawyers cannot charge you more than 50% of your settlement figure. According to data from the the Motor Accident Insurance Commission, the average amounts paid, under various heads of. Car accident compensation for pain and suffering payout amounts can be substantial. If a drunk driver’s carelessness causes people to die in a. More than 7000 road accident victims made compensation claims in Queensland in 2019-2020, for instance. Start Claims Check. Motor Vehicle Accident. 10. you may be able to claim compensation. If multiple vehicles were involved in the crash, get their registration numbers too. or call us on 1800 455 725. Below are average Queensland road accident claim payout figures based on the severity of the injury (which can be physical and psychological). Get as many details as you can at the scene, including photos and the other driver’s details. Personal Damages. (Disclaimer – online claim values are a guide. We’ve developed our expertise over the last 20 years and have dealt with all kinds of workers compensation cases. Compensation for severe injuries with permanent impairment like paralysis or loss of a limb could be several million dollars, depending on your unique circumstances. $24,810 – $37,770. Try our fast, free TPD compensation payout checker below. If you have been struggling with whiplash and believe you are entitled to whiplash injusty compensation. 2 Evaluation of psychiatric impairment is conducted by a psychiatrist who has undergone appropriate training in this assessment method. To claim motor vehicle accident compensation in NSW you’ll need: Details of the accident, including where and when it occurred. Or, for a free, accurate valuation by Call 1800 700 125 – Email Us your details. He sustained whiplash injuries to his neck and back in rear-end collision motor vehicle accident on the Peak Downs Highway, near Claremont in July 2011. TPD lawyers Brisbane, Gold Coast & Australia. au or via phone on (07) 3009 8444. If you’ve been injured in a motor vehicle accident in NSW, you can claim personal injury benefits to cover your losses including lost wages, treatment, and care expenses. $85,000 – Vehicle accident settlement that caused a shoulder injury. We also offer Australia wide support to help you with your TPD super claim. Minimising your liability will be essential to the outcome of your claim for damages. The CTP scheme has been reformed and the types of compensation (and how to claim) depends on when your accident took place. Try our fast, free TPD compensation payout checker below. A harsh decision was handed down by the Supreme Court of Queensland this year rejecting a claim by an injured motorbike rider who failed to make proper inquiries following a motor vehicle accident. The payment of common law damages is made once a settlement is reached. Unlike Australia, New Zealand has a broad based no-fault accident compensation system, which was originally provided for by the . The degree of permanent impairment sustained as a result of the injury. A whiplash injury claims lawyer can advise you on your rights and the legal options available to you following an accident on the road. $1M payout provides relief after car crash nightmare for mum. $510,040 – 563,270. 07 5676 5020. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Minor. The Motor Accident Insurance Commission (MAIC) regulates and monitors the scheme. At Accident Law, we have a team of accredited lawyers and solicitors who specialise in car, motorbike and truck accident compensation claims and can advise you on the feasibility. The plaintiff brings the present action against the defendant pursuant to s 52(2)(b) of the MAIA, which provides that an action may be. NSW whole person impairment compensation calculator. The first step in negotiating a settlement for a car accident or personal injury claim is calculating a reasonable amount of money you would accept to give up your legal claim. These benefits are available regardless of who was at fault. For more information on how multiple injuries are considered in ISV assessments, see Regulations 11 and 12 of the Civil Liability Regulations 2013. Payout amounts of permanent impairment ratings. Common law payout awarded: $967,383. If a motor vehicle is damaged in an accident, the owner of the motor vehicle has three choices available to them: 1. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. 14 billion was paid out in benefits and lump sums. If the accident results in the inability to work, or reduced capacity to work, motor vehicle accident compensation can cover lost income, past,. Motor Vehicle Accident Claims Act” unless the total value of the claim is $25,000 or less and your claim can be settled, with the agreement of MVAC, within 2 years of the date of the accident. Motor vehicle accident compensation payouts NSW. Whiplash injury claims in Queensland have resulted in compensation payouts of over $1 million, though payouts like this are usually for very severe cases in which the plaintiff has sustained serious injuries and is unable to work again. Workers compensation payouts →. Generally, a time limit of three years applies for making and settling a claim for motor vehicle compensation claims in Australia. The third party is the injured person. If you have a compensation claim and get money from us, we may need to review your Centrelink payments. News. Compensation for the loss of past or future earnings is restricted. the identity of anyone who can give the police the above information. TPD claim lawyers Brisbane,Gold Coast & Australia wide. As part of bringing a workers' compensation claim in Queensland, you'll have to be assessed. Report the incident to Uber (or other Rideshare service. This is over the legal limit of 0. In Queensland, you cannot make a CTP claim if you are the party that caused the accident. We can pay compensation for pain and suffering (and other general damages) arising from the crash, including compensation for loss of amenities of life, loss of enjoyment of life, curtailment of life expectation, and bodily or mental harm. About this calculator. These case studies can help you work out what work injury compensation payout you may receive, our you’re welcome to call us to discuss your. Injured in a Motor Vehicle accident? Understand your entitlements and how to make a compensation claim. TPD lawyers Brisbane, Gold Coast & Australia. TPD lawyers Brisbane, Gold Coast & Australia. 18 compel a finding of negligence by a plaintiff where drugs or alcohol were involved or the plaintiff failed, contrary to the requirements of the law, to use a seatbelt or use other protective equipment. In the event of a car accident, the amount of compensation you are eligible to receive is decided by the severity of your injuries,. He terminated the previous solicitor’s instructions as they were only able to get a total offer of approximately $110,000. Lawyers for dependency payouts in Queensland. * The amount of spinal cord compensation payment you may get is determined by a number of factors such as the severity of your injury and under which scheme you are eligible to make a claim. For injuries that occurred between 1 July 2009 and 30 June 2019 which were finalised between 1 July 2019 and 30 June 2019, the averages are as follows: Minor injuries: average payout was $62,400. the person in possession of the vehicle. If you’ve been injured. For the loss of past and future earnings, the maximum cap is worked out at 2. Under the Limitation Act 1980, the time limit for starting a fatal car accident is three years from the date the victim died or three years from the date a report on the victim’s death from a coroner or inquest is published. The devastating impact of personal. 15. What’s the average payout for a motorcycle accident compensation claim? According to SIRA (the State Insurance Regulatory Authority), in the 12 months to October 2023, there were 12,269 motor accident injury claims reported in NSW and $1. For 2021 – 2022 financial years, the average payout for common law claim was $175,772. Based on your answers we won’t be able to help you. A report was published by APRA in April 2022 which indicated that the acceptance rate for TPD claims has increased from 81. Get the registration number of the vehicle that caused the crash. TPD Insurance Claims Accepted %. If you’ve suffered a life-impairing Injury that affects your future, Brisbane Injury Lawyers can help you to assess the extent of that Serious Injury claim. 3 million for slipping on a grape and sustaining injuries that led to a hip replacement. You could receive a sizable lump sum compensation payout when your Whole Person Impairment Claim is successful. For example, workplace injuries and resulting compensation claims in New South Wales are covered under Workers Compensation legislation while injuries sustained in motor vehicle accidents are covered under the Motor Accidents Compensation Act 1999. 5% in 2022, which is a 1% improvement year on year. future financial need (compensation for your future care, health and domestic assistance needs resulting from the. *. Our comprehensive guide. It also enables the injured person to claim fair and timely compensation for their injuries and access prompt and reasonable medical treatment and rehabilitation. Our Car Accident Lawyers Brisbane and QLD acts for passengers, drivers, cyclists and pedestrians, so that you get the compensation you deserve. Motor Vehicle Accidents; Public Liability Claims; Workers’ Compensation; Wrongful Death; Insurance Law. On 19 February 2016, the Supreme Court at Rockhampton handed down an award of nearly $1. If you have been injured in a motor vehicle accident, we can help you every step of the way throughout your compensation claim. This average CTP payout figure reduced to around $35,552 in 2021. Try our fast, free TPD compensation payout. Use our free claim check tool to find out now if you have a motor vehicle accident claim, or call us on 1800 305 568. WA. This was driven largely by a 100% increase in passenger deaths (up from 12 to 24 for the. Average Payouts for Compensation Claims; Workcover Lump Sum Payment Amounts – 2023-24; Court Awards – Compensation Claims (2022)Motor Vehicle Accident Lawyers Sydney. Make a Motor Vehicle Accident claim today. 10. claim@splattlawyers. Starting the claims process can seem like a big step but with our support, we can get you the compensation you deserve. $300,000 Rear end car accident settlement with lumbar disc injury. If you’re lodging your claim online using our Online claim form (eNOAC), you will be able to search for the vehicle’s CTP. Make a motor vehicle accident claim today. Our accident lawyers in Toowoomba have extensive knowledge and experience in submitting MAIC claims to protect your legal rights. LHD Lawyers help everyday Australians receive the benefits they are entitled to for motor vehicle accident claims. The compensation you are entitled to may be. Transport Accident Act 1986 reference: s. Call Us 1800 700 125. In Queensland, for a common law claim to be successful the person (Plaintiff) who suffered the psychiatric harm must prove the Defendant (e. we can’t show certain information about our legal services in Queensland. For workplace accidents, the maximum payable for accidents after 1 July 2022 is $400,655 under the WCRR. the vehicle’s registered owner. During a car accident, you may experience extreme pain, fear and debilitating injuries. $65,000 – Rear end car accident settlement with shoulder. When making a Common Law damages claim for work injury in Queensland, if your work injury occurred. Moderate injuries: average payout was $157,200. The average compensation payment for extreme injuries was $1,952,602. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Use our handy Compensation Calculator to assess the possible payout amounts you could be entitled to, based on QLD, ACT & Canberra information. A Workers Compensation policy will often also cover liability for any work related ‘common law’ claims by employees, such as common law claims psychological injury. Speak to our expert team of lawyers in Queensland today. If you’ve been injured in a road traffic accident you might be entitled to claim compensation. If the degree of permanent impairment (DPI) is assessed as more than 0%, you will be offered a work injury compensation payout. < BACK TO INJURY COMPENSATION HOME PAGE. Hear from some of our clients who can tell you just how simple the process is with LHD Lawyers and how life-changing a compensation payout can be. SOLICITORS: Colin Patino & Company Lawyers for the plaintiff. If you’re eligible for pain and suffering, the amount you receive will be based on how your injuries are affecting your life, and the maximum payable is $595,000. Read More » Traffic Accident Claims Explained! June 6, 2023The Treasurer, Mr Pitt announced the no fault accident compensation scheme in late 2015, saying in his statement: “Unless we act now, Queensland will be the only state or territory in Australia without a lifetime care and support scheme in place by 1 July next year…That’s unacceptable when you consider that each week about three. Evidence of any treatment you’ve received, including receipts and reports. 2. Car Accident Lawyers servicing all of Queensland, including the Gold Coast, Brisbane and Cairns If you have been involved in a car accident in Queensland (whether you were the driver or the passenger, driving for work purposes or otherwise) you may be entitled to make a car accident compensation claim under Queensland law. Compensation payouts for motor vehicle. This amendment commences on 1 April 2023 and will only apply to accidents that occur after that date. Add to that an injury and you may find yourself out of action for a while. We also offer Australia wide support to help you with your TPD super claim. Personal Injury. The Personal Injury Lawyers. pain & suffering (non-economic loss); 2. 00. Please contact our experienced workers compensation lawyers to find out how we can help. We also offer Australia wide support to help you with your TPD super claim. Guide to Motor Vehicle Accident Compensation in Tasmania. The first step in your car accident claim is to record all the details of the accident and gather as much evidence as possible. and we can help get your life back on track. Our client simply had no idea about entitlements under the workers compensation scheme and. There are a number of different ways to claim compensation for a workplace injury in the ACT: Through Access Canberra under the Workers Compensation Act 1951; If you are an employee of the government or agency, or a licensed organisation, through ComCare under the Safety, Rehabilitation and Compensation Act 1988 (Cth);You're welcome to contact us or talk to a lawyer today on 1800 958 498 to discuss your Brisbane, Gold Coast or QLD work accident or Motor accident compensation claim. It is common to have a psychological reaction when involved in a motor vehicle accident as either a driver, passenger, pedestrian or witness. public liability and motor. 71% – 74%. Common Law Claim Pay Out Figures. AIA. Accident Compensation ActThe payouts after car accidents range from a few hundred dollars for minor vehicle repairs to millions after severe injuries and fatalities. Last modified 30 March 2021. LHD Lawyers help everyday Australians receive the benefits they are entitled to for workers compensation claims. A competent car accident law firm will assist you through the legal process of fault determination. The compensation you are entitled to may be reduced if you were partially at fault. The average compensation payments for motor vehicle accident and workplace injuries in Queensland during 2015 was; $69,365 for a minor injury. Vehicle incidents: $15,600. Gather all the relevant documentation and information related to your motor accident, including details of any injuries, expenses, and property damage. Common law claims are when you sue your employer if you believe they’re at fault for your injury. LHD Lawyers help everyday Australians receive the benefits they are entitled to for motor vehicle accident claims. We also offer Australia wide support to help you with your TPD super claim. QLD workplace bullying compensation payouts for psychological injury range. If you are looking to file a personal injury claim for compensation or would like some legal advice, please get in. This was paid as personal injury benefits over a period of up to 26 weeks from the date of the accident, but the entitlement period increased to 52 weeks on April 1, 2023. According to data published by the Motor Accident Insurance Commission, the average car accident compensation payout is $104,979. The judge awarded the plaintiff $1,443,459. Injury and Rehabilitation, Medical Negligence, Motor Vehicle Accident, Public Liability, TPD / Superannuation, Workers Compensation No Win No Fee Lawyers – Your Guide. 11-20% whole person impairment. Details of your injuries and supporting medical evidence. BRISBANE 6 Logan Road, Woolloongabba, QLD 4102TPD lawyers Brisbane, Gold Coast & Australia. We also offer Australia wide support to help you with your TPD super claim. According to the State Insurance Regulatory Authority (SIRA), ≅10,000 motor vehicle accident compensation claims are made in NSW per year. Report your incident and any injuries sustained to your employer. The Personal Injury Lawyers specialising in medical negligence who can handle your enquiry for no win no fee. Here are some NSW statistics on compensation payouts: Motor vehicle accidents: In the 12 months to September 2023 there were 12,006 motor accident injury claims reported in NSW and $1. Our Expert Motorcycle Accident Lawyers Brisbane and QLD act for motorcycle riders and pillion, so you can get the compensation you deserve. . class, of a motor vehicle, means its class under the Motor Accident Insurance Regulation 2018, schedule 1. You’ll see cases that relate to back injury compensation claim exposure to asbestos. Try our fast, free TPD compensation payout. 11. For finalised claims from 1 July 2019 to 30 June 2020 for accidents from 1 July 2010 to 30 June 2020, the Motor Accident Insurance Commission reports that average CTP claim payouts were as follows: Severity of injury. Back seat passenger receives payout from car accident TAS $120,000. 1800 094 603. As long established personal injury lawyers, we can help with Queensland motor vehicle accident claims, WorkCover compensation claims and many more claim services. Compensation payouts for motor vehicle. Their data revealed that shoulder and neck injuries accounted for 12% of all serious injury claims in the 2017-2018 period. This means you do not have to pay tax on any lump sum compensation payout you receive.