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Court of Protection

Welcome to our Court of Protection blog featuring updates, guidance and news from the Wrigleys team.

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Lynne Bradey

Email: lynne.bradey@wrigleys.co.uk

Telephone: 0114 267 5584

Position: Partner

The discount rate for personal injury lump sum compensation payments – Announcement by the Lord Chancellor

We are pleased that the Lord Chancellor has announced the discount rate for personal injury lump sum compensation payments.

The discount rate governs the amount of money a client should receive when they are paid compensation now for expenditure that will happen in the future.  That could be to purchase an adapted vehicle or equipment for example.

Under the Damages Act 1996, the Lord Chancellor needs to consider certain factors when deciding what the rate should be.

  • actual returns available to investors;
  • actual investments made by investors of relevant damages;
  • such allowances for tax, inflation and investment management costs as thought appropriate; and
  • wider economic factors.

The rate is now minus 0.25%.

We are very pleased that there is now clarity about this after a long period of uncertainty.  We are also hopeful that clients whose cases have been in limbo during the discount rate consultation and decision will be able to see their cases settled and move on with the next chapter of their lives.

06 Dec 2019

The Brexit Party Manifesto 2019

The Brexit Party's Manifesto includes only two pledges in relation to tax.

05 Dec 2019

The Green Party Manifesto 2019

We look here at the Green Party's key tax pledges in their proposal for a 'Green New Deal'.

04 Dec 2019

The Liberal Democrat Party Manifesto 2019

Like all of the three main parties' manifestos, the treatment of capital taxation in the Liberal Democrats' manifesto is limited. What can we glean?