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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
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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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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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Other General Schedule employees covered by this table whose pay rate at their grade and step on this table is below the rate for the same grade and step on an applicable special rate table under 5 U.S.C. 5305 (or similar special rate under other legal authority) are entitled to the higher special rate. For example, in the case of special rate.
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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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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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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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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 (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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The Duxbury tables are available via: At a Glance 2023-2024. The court has a duty to consider whether a clean break is achievable between the parties, ie that the financial obligations of each party towards the other will be terminated as soon after the grant To view the latest version of this document and thousands of others like it,
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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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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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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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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.