Ogden tables

Ogden tables
a set of actuarial tables provided to assist in calculating the amount of money payable as damages for loss of future benefits – especially future wage loss. They are named after the chairman of the committee that devised them, Sir Michael Ogden QC. They are now admissible as evidence in England in terms of the Civil Evidence Act 1996. Essentially, they provide more scientific multipliers, and they are usually higher multipliers than the courts would have chosen. They have been accepted in the UK by the courts as the proper starting point: Wells v . Wells [1998] 3 All ER 480.

Collins dictionary of law. . 2001.


Ogden tables
Actuarial Tables (with explanatory notes) prepared by the Government Actuary's Department in order to calculate lump sum compensation for those who have suffered future loss or consequential expenses, most commonly in personal injury and fatal accident cases.
The tables set out multipliers which enable the user to assess the present capital value of future annual losses (net of tax) or annual expenses calculated on the basis of various assumptions. The multipliers are calculated to allow for the effects of various factors, including future inflation, interest rates and life expectancy.
While the Ogden Tables are not the only way of calculating and estimating future losses, they are commonly relied upon by the courts.
+ Ogden tables
External resource Status: Published on 23-Nov-2006
England, Scotland, Wales
Actuarial tables issued by the Government Actuaries' Department for use in personal injury and fatal accident cases. The tables set out multipliers which enable the user to assess the present capital value of future annual losses (net of tax) or annual expenses calculated on the basis of various assumptions. The multipliers are calculated to allow for the effects of various factors, including future inflation, interest rates and life expectancy.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Ogden tables — are a set of statistical tables and other information for use in court cases in the UK. Their purpose is to make it easier to calculate future losses in personal injury and fatal accident cases. The tables take into account life expectancy and… …   Wikipedia

  • Ogden — may refer to: Contents 1 People 1.1 Surname 1.2 Given name 1.3 …   Wikipedia

  • Ogden Codman, Jr. — Ogden Codman, Jr. Ogden Codman, Jr. (January 19, 1863 January 8, 1951) was a noted American architect and interior decorator in the Beaux Arts styles, and co author with Edith Wharton of The Decoration of Houses (1897), which became a standard in …   Wikipedia

  • Ogden, Utah —   City   Downtown Ogden …   Wikipedia

  • Ogden–Clearfield metropolitan area — Map of the Salt Lake City Ogden Clearfield CSA, with the Ogden Clearfield Metropolitan Statistical Area highlighted in yellow The Ogden Clearfield Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting …   Wikipedia

  • Ogden-Clearfield metropolitan area — The Ogden Clearfield Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of three counties in north central Utah, anchored by the cities of Ogden and Clearfield. As of the 2000 census, the MSA had a …   Wikipedia

  • Gordon Ogden — Personal information Full name Gordon Ogden Date of birth 1 …   Wikipedia

  • Огден — Огден: Содержание 1 Люди 1.1 Фамилия 1.2 Имя …   Википедия

  • List of statistics topics — Please add any Wikipedia articles related to statistics that are not already on this list.The Related changes link in the margin of this page (below search) leads to a list of the most recent changes to the articles listed below. To see the most… …   Wikipedia

  • multiplier — 1. a number applied by multiplication to a multiplicand to produce a figure for damages in cases of future loss, which will provide an appropriate annuity equivalent to the loss but which will itself be exhausted at the time of the notional death …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”