Exempted lump sums

Lump sums can be exempted from the Income Test under VEA. An amount received by a person is an exempt lump sum if it is:

• not a periodic payment (within the meaning of subsection 5K(1A),

• not income from remunerative work undertaken by the person, and

• is an amount, or one of a class of payments that the Commission determines to be an exempt lump sum.