IPTM5080 - Annuities purchased under the Criminal Injuries Compensation Scheme: tax exemption
Under the Criminal Injuries Compensation Scheme 2012, an annuity may be purchased or provided under an award of compensation for the benefit of the victim of a criminal injury.
The annuity payments under such an award are also specifically exempted from tax in the same way, and to the same extent, as an annuity payable as a result of an order providing for periodical payments of damages for personal injury.
The persons listed in IPTM5060 are exempt from tax on the payments. If the payments are made to a trust, any payments to the injured person, or a person on his or her behalf, out of those payments are also exempt in the same way as described in IPTM5070.