CalPI Personal Injuries Calculator perfoms the routine calculations required when assessing quantum of damages in Australian personal injury claims.

CalPI Personal Injuries Calculator provides a solution to the time consuming task of calculating:

• Age at and time since the incident
• Total life expectancy and remaining life expectancy
• Discount rates, including more complex situations that involve staged discount multipliers
• Superannuation guarantee levy applicable for the period since the date of the incident
• Tax, Medicare and the net amount per week after tax for any number of specified taxable incomes
• Interest on damages
• Preclusion period

The easy to read report generated is easily updated to reflect any changes in data. Figures can be quickly recalculated to be accurate to any calculation date that you nominate, and comparative judgements can be easily generated.

Why should you use CalPI - Personal Injuries Calculator?

It saves you time
CalPI reduces the time you spend performing the time consuming and often tedious calculations associated with assessing quantum of damages. Age and times lapse, life expectancy, discount multipliers, superannuation, tax, interest, preclusion periods, and current value of comparative judgements can all be calculated in a matter of minutes rather than hours. Recalculations are done in seconds.

It is easy to use
CalPI takes you through the assessment step by step, and has plenty of help and tips along the way. You can save each matter as a file which means updates or changes are easy. For example you may want the figures that were initially calculated last month to be accurate for next week. All you do is change the calculation date and the whole report and all the calculations will be updated to reflect the new date.

Increased Accuracy
You can now be confident that your figures are accurate. Where appropriate they take into account latest CPI figures, superannuation guarantee levy, medicare rates and tax rebates.

Reduces tedious calculations
Do you enjoy doing all these routine calculations? If you do then CalPI is not for you. CalPI reduces the time you spend on maths and lets you get on with the work you prefer.

Features

General Calculations
CalPI Calculates:
• years, weeks, days since the incident.
• age at date of incident
• age at calculation date
• remaining life expectancy
• total life expectancy

Discount Rates CalPI calculates the number of years, the discount multiplier, the present value multiplier, the average superannuation levy for any number of years hence, at one or more different ages of the plaintiff.

Staged Discount Rates
CalPI can also calculate the more complex situation involving staged discount multipliers where for example a loss is expected at: - (a) $200.00 per week for one year, (b) $300.00 per week for two years, (c) $400.00 per week for five years, (d) $500.00 per week until age 60.

Superannuation Levy
CalPI performs an exact calculation of the superannuation guarantee levy applicable for the period since the date of the incident until the calculation date. Furthermore the practitioner can choose between the levy applicable to small, large or average payroll sizes.

Tax, Medicare and the net amount per week after tax for any number of specified taxable incomes.
CalPI calculates tax, Medicare and the net amount per week after tax for any number of specified taxable incomes. The practitioner can specify the salary levels used in economic loss scenarios to reveal the net amounts used with the discount multipliers. Current income tax rates are used in the calculations and allowances are made for single or family rate Medicare levy, and the low income rebate.

Interest on Damages
Calculate interest on damages from the date of the incident. Includes interest on special damages, interest on past general damages, interest on past domestic assistance, and interest on past economic loss. You can also insert your own categories.

Preclusion Period
The Preclusion Period section calculates the preclusion period under Section 1165 Social Security Act 1991. That is the period during which a plaintiff will be precluded from obtaining benefits, or the period during which benefits that were received will have to be repaid.

Comparative Judgements
Include comparative case citations, where the present value is calculated using current CPI figures.

Print professional reports
Printed calculation schedules are well designed and ready to attach to reports, letters and court documents, but are also equally useful as a working paper.

All calculations can be performed individually if required.
Date math (time between dates), discount rate, life expectancy, income tax, superannuation, preclusion period, and consumer price index calculations can be performed in isolation to the others as they are accessible as individual tools.

What can I do to find out more?

• Download a trial version of CalPI today.
• Find out how to purchase CalPI
• Find out about site licencing
• Got a question? Look at the frequently asked questions
• Still haven't got the information you want? Contact us