Andy is a technician working with the school. Due to a dangerous workplace accident, Andy became ill. Andy received compensation of $125,000. The lump sum was divided into $42,000 loss of earning, $57,000 loss of future earning capacity and $26,000 for pain and suffering. Based on legal provision and case law, advise Andy, will any of these amounts be assessable income? Furthermore, advise Andy whether it would be better to accept a lesser sum of $65,000 without any agreed allocation of the funds between current and future earnings and pain and suffering.