The Personal Injury Discount Rate (PIDR) *Updated 27 Sept 2024 The Personal Injury Discount Rate (PIDR) is used to assess lump-sum awards of damages – for future period lost earnings, pensions, and care costs. A review of the PIDR is underway and from January 2025, a new PIDR is likely Read more…
Effective use of Quantum Expert Witnesses in Serious Injury Litigation – Part 1 Watching (in horror, like many others) those parts of the Post Office Inquiry relating to Expert Witness evidence, has reminded me just how much time and effort good Expert Witnesses will have put into understanding their role, Read more…
At Formby Forensics, our expertise in personal injury cases often leads to clients seeking our valuable second opinions on Earnings Loss Quantum. In these instances we conduct a thorough initial review of the evidence and provide timely preliminary advice, which can be followed up with a comprehensive CPR Part 35 Read more…
As Forensic Accountants we deal a lot with Pension Loss quantum calculations for Personal Injury and Fatal Accident Dependency claims. The Pension Loss topic typically lends itself well to White Label schedule drafting – and so the Court’s permission to use a forensic accountant, as your agent, to prepare the Read more…
Tax changes This year has so far been relatively straight forward on the tax side of things. Some allowances frozen (until 2028), Capital Gains Tax allowance being reduced over time, interesting tweaks to pension allowances and a change to corporation tax, but otherwise – last year (2022) was the year Read more…
Of interest to those involved in dealing with Personal Injury claims There has just opened a Ministry of Justice consultation on the Personal Injury Discount Rate (PIDR), applicable to future losses/costs. At issue is whether there should be Dual-PIDRs, with different rates applied to different elements of future losses/costs. Full Read more…
With a Personal Injury Earnings Loss claim where the claimant has an Ill-health Pension and is also able to continue working (and so has Actual Earnings) then be very careful how those Actual Earnings are calculated – there may be a significant impact on lost earnings. When a claimant has Read more…