This is a simple future economic loss calculator for use in personal injury litigation in Australia.
The calculator takes into account the correct tax rates and applies the appropriate discount rate (5%, 3% or 6%) to determine the present value of a plaintiff’s future economic loss.
Enter the actuarial variables such as Date of Birth, Date of Accident, Date of Hearing and Retirement Age. Next enter the economic variables being future probable earnings as gross weekly. Future probable represents a plaintiff’s earnings if not for the accident (‘but for accident’). Residual earnings is entered as gross weekly.
The calculator also allows for a deduction for vicissitudes.
[future-eco-simple]