On 9th January 2026, the Court Funds Office (CFO) announced a reduction in their basic interest rate from 3% to 2.81% in reaction to the reduction of the Bank of England's base rate.
This affects the calculations in Proclaim that are applied to interest payable on Pecuniary Legacies. Consequently, the Linked Action that performs this calculation will need updating.
Follow the steps below to accommodate this change in your Probate case type:
Open Workflow Maintenance.
Ensure you have the Probate case type selected.
Go to Linked Actions.
Find the Linked Action with the code Pecuniary Legacy Interest, and open Editor.
Find the line:
vRates = "01/01/1900~0.3,06/06/2016~0.1,01/06/2020~0.05,29/04/2022~0.323,05/07/2022~0.94,
02/09/2022~1.313,25/10/2022~1.688,18/11/2022~2.25,16/01/2023~2.625,
13/02/2023~3,21/04/2023~3.188,13/06/2023~3.375,23/08/2023~5,18/07/2024~3.94,
19/09/2024~3.75,06/12/2024~3.56,03/03/2025~3.38,30/05/2025~3.19,20/08/25~3.00”
6. Replace this line with:
vRates = "01/01/1900~0.3,06/06/2016~0.1,01/06/2020~0.05,29/04/2022~0.323,05/07/2022~0.94,
02/09/2022~1.313,25/10/2022~1.688,18/11/2022~2.25,16/01/2023~2.625,13/02/2023~3,
21/04/2023~3.188,13/06/2023~3.375,23/08/2023~5,18/07/2024~3.94,19/09/2024~3.75,
06/12/2024~3.56,03/03/2025~3.38,30/05/2025~3.19,20/08/25~3.00,09/01/2026~2.81”
7. Accept to save the changes to the Editor, and then click Save to commit the change.