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MOVING FORWARD

THE WALSH & ASSOCIATES NEWSLETTER

“If you can’t fly then run, if you can’t
run then walk, if you can’t walk then
crawl, but whatever you do you have
to keep moving forward.”

September 9, 2024 | Latest News

Gambling Winnings

Did you know that one-off winnings, such as Lotto prize money or gambling winnings typically fall under tax exemptions? Depending on your circumstances, you may only need to tell Work and Income about it if you earn income from the winnings, or if you receive Accommodation Supplement, Temporary Additional Support or Special Benefit payments.

 

Unsure about your obligations on that big win? Contact us today!