The objective of the Income & Expenditure calculator is to show whether the client will have any surplus income or will overspend in a particular year.
Details of the client’s (and spouse) various sources of gross income are input so that the calculator can calculate their net income.
This will then be compared to their expenditure to determine whether there is a surplus that could be saved or a deficit which will be funded from any investment available.
If the client has surplus income, this will be added to any investment that is input. Whereas any overspend will be deducted from the investment.
Download the Income & Expenditure template to collate the required information.
- The impact on the investment each year is also demonstrated in the cashflow table.
- The output is also shown in graph format