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An overview of the Guaranteed Income Payment
An overview of the Guaranteed Income Payment
The AFCS provides for the payment of lump sum awards of compensation based on a tariff. These amounts range from the highest award (Level 1, now £650,000) to the lowest (Level 15, now £1,236). The Guaranteed Income Payment (GIP) is an additional monthly payment but is only payable in respect of the higher-level descriptors between Level 1 and Level 11 (inclusive). The GIP is a lifetime benefit intended to compensate for long-term loss of earning capacity and pension, and for loss of promotion prospects
- Heading
- Introduction
- The Upper Tribunal’s decision in summary
- Abbreviations
- An overview of the Guaranteed Income Payment
- The factual background
- The statutory framework
- The case law
- The decision of the First-tier Tribunal
- The grounds of appeal to the Upper Tribunal and the parties’ submissions
- The Appellant’s case
- The Respondent’s case
- Analysis
- Conclusions