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