345Present value of future loss to be qualified

345 Present value of future loss to be qualified (1) Where an award of damages in accordance with this Division is to include an amount, assessed as a lump sum, in respect of damages for future loss which is referable to— (a) deprivation or impairment of earning capacity; or (b) loss of the expectation of financial support; or (c) a liability to incur expenditure in the future; or (d) any loss suffered by a dependant— the present value of the future loss must be qualified by adopting a discount rate of 6 per cent in order to make appropriate allowance for inflation, the income from investment of the sum awarded and the effect of taxation on that income. (2) Except as provided by subsection (1), nothing in that subsection affects any other law relating to the discounting of sums awarded as damages.