Ogden calculations

We hope that you find our site useful. Please find below some other resources which you may find interesting.

• The Ogden 6 Tables (or the Government Actuary’s Department, Actuarial Tables, with explanatory notes for use in Personal Injury and Fatal Accident Cases, Sixth edition)

This quotation from this document summarises their use:

Purpose of tables
1. The tables have been prepared by the Government Actuary’s Department. They provide an aid for those assessing the lump sum appropriate as compensation for a continuing future pecuniary loss or consequential expense or cost of care in personal injury and fatal accident cases.
Application of tables
2. The tables set out multipliers. These multipliers enable the user to assess the present capital value of future annual loss (net of tax) or annual expense calculated on the basis of various assumptions which are explained below. Accordingly, to find the present capital value of a given annual loss or expense, it is necessary to select the appropriate table, find the appropriate multiplier and then multiply the amount of the annual loss or expense by that figure.

The wikipedia site contains a useful high level summary of the usage of the Ogden tables.

APR calculations

The APR calculations are made in accordance with the OFT guidelines which can be found here: http://www.oft.gov.uk/about-the-oft/legal-powers/legal/cca/apr

Guidance on what elements must be included in the APR calculation for mortgages appear in chapter 10 of the Financial Services Authority's Mortgage Conduct of Business Rules which can be found here: MCOB 10

The consumer credit act 1974 defines the terms which are used throughout the APR calculations.

Other calculations

Compound interest calculation formulae

Simple interest calculation formulae

Other websites

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