ok, well we finally got the long awaited letter from MCRS and I am a little disappointed and still very confused! The letter says that they will pay us very close to 64000 but that 23810 goes straight to tax! this payout will in no way affect Alex's comsuper payments and if he started work the day after he accepted it, he still would not owe them anything. However, as I am receiving centrelink benefits, his income estimate would become 99810. Which means that my payments, which at present are 415 per fortnight, will go down to 165 per fortnight. I tried to find information about whether we would be able to claim the majority of this money back on tax but no one can tell me anything unless I pay them between 80 and 250 an hour to tell me!

If there is anyone on the forum who has accepted a payout such as this one, or knows of some one who has, can you please let me know what happened to the tax side of things. I was told that because it is a lump sum it is taxed at a different rate on the tax return than when MCRS calculates it... We are still thinking about accepting this money as Alex still has quite a few debts to clear and I have a personal loan that I would love to finally be free of. It would also help with the cost of miving when our lease expires on the 26th January, and we would save the rest for when he gets the compensation payout so that we could use it as a deposit for a house! Can anyone here tell me what they would do in this situation? or tell me whether I will get any of this tax back, because if I won't get any back then I dont think it would be right to accept this payment because in effect we would recieve just under 39000. PLease let me know what you would do? As I have no idea what to do with this situation!
Thanks
Tammy