The Armed Forces Compensation Scheme (AFCS) can offer a Guaranteed Income Payment (GIP) which is a tax-free monthly payment that can be awarded in addition to any AFCS lump sum payment . It is generally payable where your injury or illness has long-term lasting effects and impacts your earnings in terms of salary and pension. It is intended to provide lifelong financial stability for those injured during service.
How are Guaranteed Income Payments calculated?
Key facts about Guaranteed Income Payments Armed Forces Independence Payment How are GIPs calculated? GIPs are based on an individuals age and basic […]
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