- Ogden tables
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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. W. J. Stewart. 2001.
- Ogden tables
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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 tablesExternal resource Status: Published on 23-Nov-2006England, Scotland, WalesActuarial 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. www.practicallaw.com. 2010.
