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  • Closed consultation Consultation on the parameters for the 2024 review of the personal injury discount rate for Northern Ireland

    Topics:
    • Justice and the law, 
    • Compensation services

    Consultation closed Consultation opened 12 June 2023, 9.00 am and closed 11 July 2023, 11.59 pm

    Summary

    Consultation on the parameters for the 2024 review of the personal injury discount rate for Northern Ireland.

    Documents

    • Stakeholder letter Adobe PDF (242 KB)
    • Department’s response to consultation on discount rate parameters Microsoft Word (96 KB)
    • Stakeholder responses to consultation on discount rate parameters Adobe PDF (18 MB)
    • Government Actuary’s Department’s advice on discount rate parameters Adobe PDF (1 MB)

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    Consultation description

    The Government Actuary is to begin a review of the personal injury discount rate for Northern Ireland on 1 July 2024. The methodology for calculating the rate is set out in Schedule C1 to the 1996 Act. The Department may, by regulations, adjust some of the parameters of this methodology. We are seeking views on the need or otherwise to do so.

    Contact is DOJCivilJusticePolicy.Division@justice-ni.gov.uk.

    Closing date 11 July 2023.

    Ways to respond

    Consultation closed — responses are no longer being accepted.

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