Road Accident Fund Compensation for Loss of Income: What You Need to Know

If you’ve been injured in a road accident in South Africa, you may be entitled to compensation for loss of income through the Road Accident Fund (RAF). However, understanding how much the RAF pays for loss of income can be confusing. At PM Attorneys, we specialise in RAF claims and are here to help you navigate the process.

What Is a Loss of Income Claim?

A loss of income claim is a type of compensation sought from the RAF when an accident results in an inability to work, either temporarily or permanently. Here’s what you need to know:

  • Eligibility: You must prove that the accident caused your inability to work and that you suffered a financial loss as a result.
  • Types of Loss: This includes past loss of income (from the date of the accident until the claim is settled) and future loss of income (if the injury affects your ability to work long-term).
  • Documentation: You’ll need medical reports, proof of employment, and financial records to support your claim.

How Is Loss of Income Calculated by the RAF?

The RAF calculates loss of income based on several factors. Here’s how it works:

  1. Past Loss of Income:
    • This is calculated based on your earnings before the accident and the period you were unable to work.
    • The RAF will consider payslips, tax returns, and employment contracts.
  2. Future Loss of Income:
    • This is calculated based on your earning potential before the accident and how the injury affects your ability to work in the future.
    • Factors such as age, occupation, and severity of the injury are considered.
  3. Deductions:
    • The RAF may deduct certain amounts, such as taxes or benefits you received during the period of unemployment.

At PM Attorneys, we can help you gather the necessary documentation and ensure your claim is accurately calculated.

What Can You Expect from the RAF?

The amount the RAF pays for loss of income varies depending on the specifics of your case. Here’s what you can expect:

  • Compensation Limits: The RAF has a cap on the amount it can pay for loss of income, which is adjusted annually.
  • Payment Structure: Compensation is typically paid as a lump sum, but in some cases, it may be structured as periodic payments.
  • Delays: RAF claims can take time to process, so it’s important to start your claim as soon as possible.

Why You Need an Experienced RAF Attorney

Navigating the RAF claims process without legal representation can lead to delays, underpayment, or even rejection of your claim. Here’s why hiring an experienced RAF attorney is essential:

  • Expert Knowledge: They understand the RAF’s requirements and can ensure your claim is properly prepared.
  • Accurate Calculations: They can accurately calculate your loss of income and ensure you receive fair compensation.
  • Negotiation Skills: They can negotiate with the RAF to maximize your payout.
  • Peace of Mind: They handle the legal complexities, allowing you to focus on your recovery.

At PM Attorneys, we have a proven track record of successfully handling RAF claims and are committed to securing the best possible outcome for our clients.

Need Help with an RAF Claim? Contact PM Attorneys Today

If you’ve suffered a loss of income due to a road accident, don’t navigate the RAF claims process alone. At PM Attorneys, we’re here to provide expert legal guidance and ensure you receive the compensation you deserve.

Contact us today for a consultation. Let us help you understand your rights, calculate your loss of income, and secure the best possible outcome. Your future is too important to leave to chance – trust PM Attorneys to stand by your side every step of the way.