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The Damages (Personal Injury) Order (Northern Ireland) 2021
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Statutory Rules of Northern Ireland
2021 No. 115
Damages
The Damages (Personal Injury) Order (Northern Ireland) 2021
Made
29th April 2021
Coming into operation
31st May 2021
Citation and commencement
1. This Order may be cited as the Damages (Personal Injury) Order (Northern Ireland) 2021 and shall come into operation on 31st May 2021.
Rate of return
2. The rate of return referred to in section 1(1) of the Damages Act 1996 shall be minus 1.75 per cent.
Sealed with the Official Seal of the Department of Justice on 29th April 2021
Peter May
A senior officer of the Department of Justice
EXPLANATORY NOTE
(This note is not part of the Order)
This Order prescribes minus 1.75 per cent as the rate of return which, under section 1 of the Damages Act 1996, courts are required to take into account when calculating damages for future pecuniary loss in an action for personal injury.
(1)
1996 c. 48. Section 1(6) was inserted by Article 15(5) of, and paragraph 55 of Schedule 18 to the Northern Ireland Act 1998 (Devolution of Policing and Justice Functions) Order 2010 (S.I. 2010 No. 976). In their application to Northern Ireland, subsections (1) and (4) of section 1 are modified by subsection (6).
(2)
Formerly the Department of Finance and Personnel, see the Departments Act (Northern Ireland) 2016 (2016 c. 5 (N.I.)), section 1(4) and Schedule 1.
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