Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Earnings definition

What does Earnings mean? In corporate and finance practice, earnings means the profit attributable to ordinary shareholders for a reporting period. It is the company’s profit after tax, after finance costs (including interest paid to bondholders) and after any preference dividends. Earnings are commonly shown on a per‑share basis as earnings per share (EPS): profit attributable to ordinary shareholders divided by the weighted average number of ordinary shares in issue during the period. Example: £2 million earnings and 10 million shares gives EPS of 20p. Earnings is a descriptive accounting and market term, not a statutory one. For listed companies in the...

Future loss of earnings in personal injury: Ogden 8, 0.5% personal injury discount rate, contingencies and advanced calculations (residual capacity, interpolation, split multipliers), including self-employed—England and Wales

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Practice notes

NOTE :

On 2 December 2024, the Lord Chancellor confirmed that the discount rate would move to positive 0.5%. That positive 0.5% rate applies from 11 January 2025. Under Schedule A1 to the damages Act 1996, introduced by section 10 of the Civil Liability Act 2018, later reviews must take place within five years of the end of the previous review, so the next review has to start on or before 2 December 2029.

Claims for future loss of earnings include a range of features that make them more complex than other categories of future loss. See also the Practice Note: Past loss of earnings. First, even a straightforward loss of earnings claim involves applying extra factors to the multiplier to enhance accuracy. Second, particular complications may arise, for example where:

a residual earning capacity remains
the claimant had a realistic prospect of promotion
the claimant was injured before establishing a career

The impact of Ogden 8

The release of Ogden 8 has not resulted in any fundamental alteration to the approach used to calculate future loss of earnings...

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Web page updated on 21/05/2026

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