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Post by biggazza on Feb 19, 2013 1:18:50 GMT 7
Does anyone know if a Total and Permanent Disability insurance payout will affect my DSP?
I've just heard from my lawyers that I will be receiving a payment in the next few weeks.
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Post by bundyrum on Feb 19, 2013 2:55:51 GMT 7
depends on how much u get..
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Post by bundyrum on Feb 19, 2013 2:57:29 GMT 7
They might also play that silly game where they say u have to live off that and cut your DSP..tALK TO THEM..
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Post by zorro1 on Feb 19, 2013 4:58:11 GMT 7
yes it will if you stick it in the bank and you earn interest that is more than the max available income you can earn in a 2 week period
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Post by latindancer on Feb 19, 2013 5:24:00 GMT 7
They might also play that silly game where they say u have to live off that and cut your DSP..TALK TO THEM.. This is what I understand they do... |
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Post by Banjo on Feb 19, 2013 8:05:43 GMT 7
Is this tied up with military service Gazza?
Sometimes that gets special exemptions.
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Post by biggazza on Feb 19, 2013 20:01:02 GMT 7
Is this tied up with military service Gazza? Sometimes that gets special exemptions. No it's not. Superannuation insurance. It's not a huge amount... somewhere around $60,000. |
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Post by Banjo on Feb 19, 2013 21:45:22 GMT 7
Can't see a problem, I think you'd just have to declare any interest as income.
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Post by biggazza on Feb 20, 2013 10:17:35 GMT 7
Thanks Banjo.
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