This Pension Funding calculator provides an indication of the clients’ expected PCLS from Money Purchase fund and pension at retirement. Output Once existing (Money Purchase & Defined Benefit) pension details are input, the Pension Funding calculator will show expected benefits at retirement. Then, based upon the client’s objective for either; – an amount of pension, or – […]
The Lifetime Allowance reduced from £1.5m to £1.25m on 6/4/2014. A client with funds of at least £1.25m at 5/4/2014 could have applied before 5/4/2017 for Individual Protection 2014 to protect a fund of up to £1.5m. As from 6/4/2016, the Lifetime Allowance reduced further to £1m. Similar to the above, a client with funds of at least £1m […]
For example. Assuming a gross contribution of £10,000, and at retirement (ignoring tax efficient growth) the benefits will be taken as 25% tax free cash of £2,500 plus £7,500 subject to income tax. Depending on their tax status at outset and at retirement, the net outlay/ contribution and net benefit would be; Basic […]
The Pension Charges calculator enables you to compare the charging structure of different plans. Pension charges are an important factor to be taken into account when considering to transfer from one plan to another. This can sometimes be difficult if the fund projections for each plan assume different growth rates. Inputs General details of the arrangement are input, […]
Since 6th April 2016, the Annual Allowance is tapered for certain individuals, so the Carry Forward calculator is in 2 parts; – The first part calculates the 2020/21, 2019/20, 2018/19 and 2017/18 (& potentially 2016/17) ‘tapered’ Annual Allowance which depends on the clients’ income, and – the second part calculates the Carry Forward amount of any unused […]
If a client is looking to pay a personal pension contribution or receiving a bonus, then they may consider establishing a salary / bonus sacrifice arrangement so that the employer pays the pension contribution on their behalf. If a salary sacrifice arrangement is to be set up, there is the option within the calculator to choose either; […]
The Property Purchase Funding calculator demonstrates the feasibility of a pension scheme being able to purchase a commercial property. Once details of the commercial property and pension scheme are input, it will show the initial amount of how much the cashflow of the company has improved. Output The property purchase Funding calculator also shows the cash flow […]
This calculator aims to provide an indication as to whether a clients’ benefits will exceed the Standard Lifetime Allowance. The client may have a higher fund protection as a result of electing for Fixed and/or Individual Protection. Input Clients may have a number of different types of pension arrangements which may be; • Crystallised – Pensions in […]
The Pension vs ISA investment calculator provides a basic comparison of the fund values of a pension and ISA investment based upon an initial level of investment. Pension vs ISA investment Following the 2014 Budget announcing the new proposed flexibility of withdrawing income from pension funds, there is a lot more interest in pensions and whether […]
The Pension v Lifetime ISA (LISA) calculator provides a basic comparison of the fund values of a pension and LISA based upon a regular annual investment amount. The March 2016 Budget announced the introduction of LISA. It will be available to UK resident savers who are under age 40 at April 2017 (i.e 18-39). The objective is to help under […]