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Ogden 7 published
11th October 2011
The government's actuarial department published the latest edition of the Ogden tables this week.
The government's actuarial department published the latest edition of the Ogden tables this week.
The main points to note about Ogden 7 are as follows:
- The 2.5% discount rate remains unchanged although the Lord Chancellor is currently reconsidering this. The new tables offer discount rates from -2.0% to 3%.
- The multipliers are based on updated mortality rates (2008).
- Interestingly the multipliers for retirement ages are still at 5 yearly intervals, with interpolation still required for those retiring at 66 or 67 etc.
- There have been some changes to the definition of disabled for the contingencies other than mortality.
Our free online Ogden calculator has been updated to reflect these changes.
What is Forensic Accountancy?
Forensic is defined as 'used or applied in the investigation and establishment of facts or evidence in a court of law.' A forensic accountant uses a combination of accounting, investigative and legal skill...
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