Ogden Tables

Ogden Tables definition

/əʊ,ə dʒɛn/ /ˈteɪb(ə)l/

What does Ogden Tables mean?

The Ogden tables are prepared by the Government Actuary’s Department to help calculate lump sum compensation in personal injury and fatal accident cases. The Ogden tables set out multipliers which are applied to the present day value of a future annual loss or expense to take into account accelerated receipt and mortality risks.

Ogden Tables explained

The Ogden tables can be used to calculate future loss of earnings and pension and future costs such as care. The user must select the table which relates to the relevant period of loss or expense and the claimant’s gender and then find the appropriate multiplier.

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