As part of our continuous development at FinCalc, we have introduced a new feature that will save some of your valuable time and effort. This new feature will enable a tax-efficient route for your clients, while illustrating future retirement modelling scenarios to meet very simple or extremely complex planning needs!
Financial planning creates a strategic roadmap for your client’s money to help them achieve their objectives and financial goals. Within any comprehensive financial plan, tax-efficiency will be key when providing your clients with retirement income advice.
Within the Cashflow Modeller you can view the current financial position of your clients and if there is a shortfall between income and expenditure you are able to fill this at the click of a button on the results screen!
FinCalc does the hard work for you by determining the withdrawals needed to fund this shortfall, whilst being able to optimise the personal allowance for each client within the cashflow, and even ascertaining if it is more tax efficient to take the benefits as lump sums or incomes.
You are in full control of this new feature as you can select which funds to use first, set minimum balances, decide whether to utilise pension funds up to personal allowance in each tax year and even have extra control over pension withdrawals after breaching the Lifetime Allowance.
For full details please view our video below:
This new feature is now available for all Cashflow Modeller users at NO EXTRA COST!