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The Duxbury Tables are designed to produce a lump sum for investment. If the figure is correct, it should enable the recipient spouse to receive an income from the invested sum that would be equivalent to regular maintenance payments from a former spouse.
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The Duxbury Tables: Calculating lump sum payments on divorce In this guest blog, Chartered Financial Planner Edward Gascoigne examines the assumptions underlying the calculation of lump sum payments made by the Duxbury Tables, the industry standard mechanism for capitalising an income stream on divorce.
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At A Glance (2023-2024) Financial Remedies Practice (2023-2024) Dictionary of Financial Remedies (2023). in the vast run of cases it is inappropriate to reach beyond the Duxbury tables in At A Glance, or the Capitalise programme for a more advanced formula.
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Tables in the book include Duxbury, Income tax and Gross Salary and net income calculations (see the full contents here).. Latest Budget changes incorporated for use in tax year 2023/24; The Galbraith Tables and corresponding commentary; New table on Child Maintenance - The Court; At A Glance is a slim, portable guide and is fully tabbed.
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The aim of the Duxbury Tables is to produce an estimated calculation of a capital lump sum that would enable a spouse to receive an equal instalment over the course of their lifetime to meet their financial needs. If the calculation has been carried out perfectly, then all of the funds would have been used up at the exact date of death.
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A Duxbury calculation is used to work out an appropriate lump sum for a financially dependent party in the place of periodical payments (spousal maintenance). The calculation produces a lump sum which, if invested to achieve capital growth, could be drawn in equal instalments and would last until the end of the recipient's life.
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Glossary Duxbury fund A lump sum payment intended to provide an income for a certain number of years, usually for the rest of a recipient's life, based on predictions and approximations of: Life expectancy. Inflation. Capital growth. Income yield. ( Duxbury v Duxbury [1981] 1 FLR 7 .)
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At a Glance 2023-2024 Copyright © 2023 LexisNexis Published by a LexisNexis Family expert Practice notes At a Glance contains industry-standard facts and figures for financial remedy negotiations. Backed by the Family Law Bar Association (FLBA), it is used in courts of all levels and for negotiation.
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Call 01207.655178 today. What is a Duxbury calculation?A Duxbury calculation is used to work out an appropriate lump sum for a financially dependent party in the place of periodical payments (spousal maintenance). The calculation produces a lump sum which, if invested to achieve capital growth, could be drawn in equal instalments and would last.
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Residential 2023. Residential Condo 2023. Commercial 2023. Classification Hearing Duxbury 2023. Fact Sheet 2023. LA-15. NBHD Value Percentage Changes 2023. Tax Rate History. Top 10 Taxpayers 2023.
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Found in: Family At a Glance contains industry-standard facts and figures for financial remedy negotiations. Backed by the Family Law Bar Association (FLBA), it is used in courts of all levels and for negotiation..
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Duxbury tables Tables of figures compiled according to the method approved in the case of Duxbury v Duxbury (Note) [1992] Fam 62 in order to capitalise income needs or payments over a period of time and express them as a lump sum for the purposes of an award, usually in ancillary relief proceedings, though they can be used for other types of case.
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At A Glance: Essential Tables for Financial Remedies, 2023-2024. At A Glance: Essential Tables for Financial Remedies, 2023-2024 scope information.
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For example, based on the Duxbury table for tax year 2021/2022, a wife aged 50 who requires whole life maintenance at £40,000 per annum shall require a capital sum of £692,000. The suitability of the Duxbury calculation