Date amended:
External
Policy
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.